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See how verdicts work2-bedroom flat · CO3 0YS
For saleReduced £10k (−6.7%) on 20 OctListed 215 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***guide price £150,000 to £175,000*** no onward chain*** John Alexander is pleased to present to market a charming two bedroom ground floor maisonette, ideally situated in the highly sought after Stanway area.
Offering generous accommodation, modern finishes, and the added benefit of both a garage and allocated parking, this home is perfectly suited to first time buyers, downsizers, or investors looking for a well maintained property in a desirable location.
Overview ***guide price £150,000 to £175,000*** no onward chain*** John Alexander is pleased to present to market a charming two bedroom ground floor maisonette, ideally situated in the highly sought after Stanway area.
Offering generous accommodation, modern finishes, and the added benefit of both a garage and allocated parking, this home is perfectly suited to first time buyers, downsizers, or investors looking for a well maintained property in a desirable location.
Step inside Upon entering, the welcoming entrance hall features attractive laminate flooring and a useful built in storage cupboard-ideal for everyday organisation and convenience.
From here, the property leads into the bright and well proportioned lounge, measuring 15' 9" x 9' 9" (4.8m x 2.97m).
This comfortable and inviting room is fitted with carpet, enhancing the sense of warmth and making it an excellent space for both relaxing and entertaining.
The impressively sized kitchen, at 16' 9" x 6' 1" (5.11m x 1.85m), is fitted with stylish shaker style cabinetry paired with generous work surfaces.
This practical and contemporary kitchen includes a built in four ring ceramic hob, electric oven, plumbing for a washing machine, ample wall mounted storage units, and space for a fridge/freezer-providing everything needed for efficient day to day living.
The property offers two well proportioned bedrooms. Bedroom One, measuring 12' 8" x 8' 7" (3.86m x 2.62m), benefits from fitted.
Bedroom Two, measuring 10' 2" x 7' 9" (3.1m x 2.36m), features laminate flooring and provides versatility as a second bedroom, guest room, or home office.
The modern bathroom is fitted with a panelled bath with shower over, a low level WC, and a hand basin with mixer taps set within a vanity unit.
Step outside Outside, the home enjoys the advantage of a garage and allocated parking.
The location Charles Court enjoys a highly convenient position in Stanway, offering easy access to a wide range of local amenities including Fiveways Co-op (0.8km), aldi (1km), Iceland (1.4km), and Sainsbury's (1.5km).
The area is well served by education, with Stanway Primary School and The Stanway School being the closest primary and secondary options.
Excellent transport connectivity includes nearby bus stops and quick access to the A12, ideal for commuters, along with convenient links to Colchester and Marks Tey railway stations, both within easy reach.
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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FAQ
About 8 Charles Court, Wheatfield Road, Colchester
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