2-bedroom flat · CO14 8LH
Listing removedListed 339 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A chance to purchase a two bed ground floor apartment for over 55’s only yards from the sea and easy access to Walton town centre with all its amenities including shops, schools, bus and rail services for Colchester and London.
The property is being offered with NO ONWARD CHAIN. ENTRANCE HALL L-shaped hallway. Radiator. Entry security phone. Airing cupboard with lagged copper cylinder. Large cloaks cupboard.
LOUNGE 17’10” x 10’12. Night store heater. Power points. TV aerial point. Double glazed window to the front with partial sea views. KITCHEN 7’6” x 7’4”.
Stainless steel sink top, single drainer with cupboards under. Worktop unit with cupboards under. Matching wall cabinets. Electric hob and oven. Power points. Extractor fan. BEDROOM 1 12’8” x 9’6”.
Built-in wardrobe. Telephone point. TV aerial point. Power points. Double glazed window to the front with partial sea views. BEDROOM 2 10’ x 9’7”. Three fitted wardrobes. Power points.
Double glazed window to the front. SHOWER ROOM/W.C. Corner shower with screen. Vanity wash hand basin. Low level W.C. Fully tiled walls. Tiled flooring. Heated towel rail. Light and extractor fan.
COMMUNAL LOUNGE COMMUNAL GARDENS With one separate storage cupboard. LEASE 125 year lease from 1991. SERVICES We understand from the vendor that all services are connected.
VIEWING Strictly by appointment with ROUSE ESTATE AGENTS. COUNCIL TAX BAND: B
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Louise Close, Walton-on-the-naze
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