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 work2-bedroom flat · CO2 8HW
Listing removedListed 635 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** GUIDE PRICE £150,000 - £160,000 ** Offered to the market with no onward chain is this two bedroom, first floor apartment shouting out to first time buyers looking to get onto the property ladder or an investor looking to add another property to their portfolio.
This well presented apartment is situated close to the University of Essex plus local amenities.
The accommodation comprises an entrance hallway, living room, dining area, kitchen, two bedrooms and a bathroom. Externally, there is allocated parking plus communal grounds to enjoy.
Entrance Hallway Entrance door, airing cupboard, storage cupboard, doors leading to: Kitchen 2.64m x 1.7m (8' 8" x 5' 7") Double glazed window to front, matching wall and base level units, sink and drainer with mixer tap over, integrated oven and hob with extractor over, space for appliances, spotlights to ceiling Lounge 3.07m x 3.86m (10' 1" x 12' 8") Double glazed window to rear, radiator, carpet flooring Dining Room 1.8m x 1.8m (5' 11" x 5' 11") Double glazed window to front, space for table and chairs, carpet flooring Master Bedroom 2.95m x 2.74m (9' 8" x 9' 0") Double glazed window to rear, radiator, built in wardrobe, carpet flooring Bedroom Two 2.77m x 2.06m (9' 1" x 6' 9") Double glazed window to rear, radiator, built in wardrobe, carpet flooring Bathroom Low level WC, wash hand basin, panelled bath with shower over, part tiled walls Outside of Property Allocated parking, communal grounds Agents Note Please be advised that the images on this listing were taken whilst the property was vacant.
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
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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 Waterside Lane, Colchester, Essex, CO2
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