2-bedroom flat · CO2 8FN
For saleListed 456 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Perched on the fourth floor with peaceful river views, this smart two-bedroom, two-bathroom apartment is perfectly positioned for access to the University of Essex - making it a great option for investors, first-time buyers, or sharers.
Quote Ref: 598830 when calling Inside, the open-plan living area and kitchen is bright and welcoming, with full-height glass doors that open onto a private balcony - the perfect spot for a morning coffee or evening unwind with views over the water.
Both bedrooms are a good size, with the main bedroom benefiting from its own ensuite. A second bathroom means no fighting over showers, whether you’re living with a friend or renting to students.
With modern fittings throughout, this flat is move-in or rent-out ready
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
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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
Agent & docs
FAQ
About Flat 87, 87, Caelum Drive, Colchester
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