1-bedroom flat · CO2 8ER
For saleListed 34 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Place Farm Court, Rowhedge Road, Colchester, CO2 An Improved & Well-Maintained One Bedroom First Floor Maisonette Guide Price £130,000 - £140,000 An excellent opportunity to acquire this improved and well-maintained one bedroom first floor maisonette, offering well-presented accommodation, allocated parking and an ideal first step onto the property ladder.
Situated in a convenient South-East Colchester location, the property provides easy access to Colchester's city centre, with its extensive range of shops, restaurants and amenities.
A regular bus network connects the area to neighbouring towns and villages, whilst the picturesque riverside village of Rowhedge is just moments away, offering traditional public houses, local amenities, scenic waterfront walks and its popular annual regatta.
A selection of local gyms, convenience stores and everyday amenities are also within easy reach.
Property Accommodation commences with a private staircase rising to the first floor, where a welcoming hallway provides access to all rooms and benefits from a useful airing cupboard.
The principal bedroom is a well-proportioned double room, featuring a large window allowing plenty of natural light.
The family bathroom is fitted with a white three-piece suite comprising a panelled bath with shower attachment, pedestal wash hand basin and low-level W.C., complemented by a heated towel rail.
The spacious lounge/diner provides an inviting living and entertaining space, featuring wood-effect flooring, a feature fireplace and two windows overlooking the surrounding area.
An attractive archway and serving hatch connect the living accommodation to the kitchen.
The kitchen is fitted with a range of wall and base units, complemented by wood-effect work surfaces, tiled splashbacks, an integrated oven, gas hob and extractor hood, with additional space for laundry appliances.
Externally, the property benefits from allocated parking for one vehicle, providing a practical addition to this conveniently located home.
Leasehold Information We understand that the property is held on a lease of 999 years commencing 24th June 1984, with approximately 957 years remaining.
The service charge is approximately £1,450 per annum, with ground rent of approximately £50 per annum.
All leasehold information, charges and associated terms should be independently verified by your appointed legal representative at an early stage of the conveyancing process.
Viewings are available via Michaels Property Consultants. Contact our Colchester office without delay to arrange your appointment.
Entrance Stairs to first floor Living/Dining Room 16' 5" x 12' 2" (5.00m x 3.71m) Kitchen 10' 2" x 5' 4" (3.10m x 1.63m) Bedroom 10' 6" x 10' 2" (3.20m x 3.10m) Bathroom 6' 9" x 5' 6" (2.06m x 1.68m) Leasehold Information We understand that the property is held on a lease of 999 years commencing 24th June 1984, with approximately 957 years remaining.
The service charge is approximately £1,450 per annum, with ground rent of approximately £50 per annum.
All leasehold information, charges and associated terms should be independently verified by your appointed legal representative at an early stage of the conveyancing process.
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.
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About Place Farm Court, Rowhedge Road, Colchester
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