2-bedroom flat · CO3 8AJ
Sold STCListed 117 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
GUIDE PRICE: £200,000 - £210,000. An immaculately presented and spacious two bedroom, two bathroom ground floor apartment, ideally positioned within the highly desirable Stanway area of Colchester.
Situated on Wagtail Mews, the property offers excellent access to Stane Retail Park, the A12, A120 and Marks Tey Train Station, which provides direct rail links into London Liverpool Street.
The accommodation is thoughtfully arranged and begins with a welcoming entrance hall, complete with multiple storage cupboards.
The spacious principal bedroom benefits from a modern en-suite shower room, while the second double bedroom is served by a stylish family bathroom.
The heart of the home is the impressive open plan kitchen, dining and living area, providing a fantastic space for both relaxing and entertaining.
The kitchen is fitted with a range of units and work surfaces, cupboards and drawers under, an inset one-and-a-half sink with mixer tap, built-in four-ring gas hob, electric oven with extractor fan over, plumbing for a washing machine, wall-mounted cabinets and a cupboard housing the wall-mounted gas boiler.
French doors open directly from the living space onto a balcony terrace area, enclosed by railings.
The property is finished throughout with attractive Karndean flooring, further enhancing the modern and well-presented feel.
Externally, the apartment benefits from two allocated parking spaces, along with additional visitors’ parking.
A superb apartment in a convenient and sought-after location, ideal for first-time buyers, commuters, downsizers or investors alike.
EPC Rating: B Disclaimer These particulars are for guidance only and do not form part of any offer or contract.
All measurements, images and floor plans are approximate and for illustrative purposes only. Services, appliances and systems have not been tested and no warranty is given as to their condition.
Buyers and tenants must rely on their own inspections, surveys and legal enquiries to verify all material information that is important to them.
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All relevant checks must be completed and verification confirmed before we can progress with the...
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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