2-bedroom flat · CO6 1FN
For saleReduced £5k (−2.4%) on 10 JulListed 413 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**Guide Price £210,000 - £220,000** An exceptionally presented apartment, occupying the most favourable of positions to the West of Colchester, in Marks Tey.
Featuring modern finishes throughout and with high specifications included within its well thought out design, this home boasts an array of open-plan living and spacious bedroom accommodation throughout.
Internal accommodation comprises of a wide and warming entrance hall, with tiled floor finishes, white veneer timber doors and inset LED spotlights.
An impressive open-plan kitchen-reception room awaits, measuring an impressive 19' x 13' and houses floor-to-ceiling retractable oak doors, providing access to a private south facing decked balcony and features glass balustrades.
Dual aspect windows flood the room with an abundance of natural light and it makes for the ideal entertainment and hosting space.
An Italian designed, wood grain handless kitchen is complimented with a range of Hotpoint integrated appliances, disguised extractor hood and sleek inset stainless steel basin.
Two large double bedrooms are featured, with both the principal bedroom and second bedroom benefiting from built in wardrobes.
Finally, a separate grey-tone tiled family bathroom suite is available Complete with underfloor heating throughout and off road parking. Further visitors parking is available.
In a prime location for the working professional, striking distance to Marks Tey train station and offering direct links to London Liverpool Street, this apartment provides the perfect balance of ease of commuting and working from home.
It also provides unrestricted access to Colchester's A12/A120 corridor and is a short car journey to the ever expanding Tollgate Retail Park.
An apartment that simply needs to be viewed to be appreciated in its entirety, Michaels Property Consultants encourage early enquiries to avoid inevitable disappointment.
Entrance Hall 12' 7" x 12' 9" (3.84m x 3.89m) Reception-Kitchen Area 13' 8" x 19' 9" (4.17m x 6.02m) Principal Bedroom 11' 5" x 10' 7" (3.48m x 3.23m) Bedroom Two 13' 4" x 8' 9" (4.06m x 2.67m) Outside & Parking This exceptional apartment benefits from its own private balcony.
The base features timber decking and is enclosed by glass balustrades, whilst benefiting from being south facing - ensuring maximum sunlight and natural warmth.
Parking is available off road for one vehicle, with other parking accessible for visitors. There is also the added benefit of secure storage for bicycles.
Lease Information We have been advised by the sellers that this property is offered on a leasehold basis. The lease commenced from 125 years from new with 115 years remaining.
Ground rent is payable at £275.00p per annum and a reasonable maintenance charge is payable of £1100 per annum and can be paid in two monthly instalments of £550.00p. Pms are block management agents.
We do strongly advise that all interested parties confirm this information at an early stage of their conveyance to avoid any discrepancy.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
Agent & docs
FAQ
About 21, Point Chase, Colchester
Explore nearby