We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts workProperty · CO1 1PA
For saleReduced £25k (−6.3%) on 17 SepListed 734 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available to the market is this investment opportunity of 12 parking spaces next to the iconic Jumbo water tower.
We are pleased to offer 12 parking spaces for sale, located adjacent to the historic and iconic Jumbo water tower in Colchester.
The Jumbo tower, a beloved landmark, is undergoing a significant restoration and transformation through The Jumbo Project.
With support from the National Lottery Heritage Fund and other partners, the tower will soon become a vibrant community hub featuring a restaurant, visitor experience, and historical interpretation space.
As the water tower draws more visitors and becomes a fully accessible heritage attraction, these parking spaces offer prime investment potential, benefitting from the increased foot traffic and interest in this remarkable site.
Don’t miss out on this unique opportunity to own a piece of Colchester’s future while enjoying a steady revenue stream from the high demand for parking in the area.
Value & comps
No previous sales on record.
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 asking
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
.png){kind=logo}
FAQ
About Reditus Management , Car Park, Balkerne Passage, Colchester
Explore nearby
