2-bedroom flat · CO3 3LG
Sold STCReduced £10k (−5.4%) on 22 MayListed 389 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This excellent two-bedroom, third-floor apartment on Rotary Way, Colchester, CO3, offers modern living in a central location close to the city centre and Colchester North Station.
The apartment features contemporary finishes throughout and a welcoming entrance hall leading to a spacious open-plan living, kitchen, and dining area, ideal for entertaining.
Both bedrooms are well-proportioned doubles, with the master benefiting from an en-suite shower room, alongside a separate family bathroom. Additional features include allocated parking.
The location provides easy access to bars, restaurants, shops, and other amenities, as well as excellent transport links, including direct trains to London Liverpool Street in under an hour.
This property is ideal as a first home or an investment purchase, with viewings available through our consultants by appointment.
We have been advised that this property is offered on a leasehold basis.
The annual service charge payable is approximately £2400per annum and the ground rent payable is approximately £144 per annum, to include water also.
All leasehold charges and information are provided by our client in good faith and we encourage all interested parties to confirm this information with your legal representative an early stage of your conveyance to prevent any discrepancy.
Entrance Hall Bedroom One 15' 2" x 9' 0" (4.62m x 2.74m) En-Suite Bedroom Two 10' 5" x 10' 10" (3.17m x 3.30m) Family Bathroom Kitchen/Living/Dining Room 18' 4" x 17' 11" (5.59m x 5.46m) Leasehold Information We have been advised that this property is offered on a leasehold basis.
The annual service charge payable is approximately £2400per annum and the ground rent payable is approximately £144 per annum, to include water also.
All leasehold charges and information are provided by our client in good faith and we encourage all interested parties to confirm this information with your legal representative an early stage of your conveyance to prevent any discrepancy.
Lease Term - 155 years from 1 January 2005 - 134 years remaining.
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.
Area
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FAQ
About Rotary Way, Colchester, CO3
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