2-bedroom flat · CO2 7UH
Listing removedListed 493 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the 4th floor of Benedict House, a chance to acquire this well-presented two bedroom apartment with views across Abbey Fields.
The property benefits from an allocated underground parking space, en-suite to master bedroom, close proximity of the city centre and Town train station with its connections to London Liverpool Street.
Communal entrance door with security entry phone to: COMMUNAL ENTRANCE HALL Stairs to all floors, double glazed door to: SPACIOUS ENTRANCE HALL Radiator, cupboard, doors to: BEDROOM ONE 13' 3" x 10' 1" (4.04m x 3.07m) Double glazed window to front, radiator, wardrobe.
EN-SUITE SHOWER ROOM Shower cubicle, wash basin and WC, shaver point. BEDROOM TWO 16' 7" x 7' 5" (5.05m x 2.26m) Double glazed window to front, radiator, loft access.
BATHROOM Bath, WC and wash basin, low voltage lighting, radiator. OPEN PLAN LIVING AREA 27' 6" x 9' 8" (8.38m x 2.95m) Double glazed windows to side, double glazed window to front, two radiators.
Modern fitted kitchen area comprising; one and a half bowl sink unit set into work surface, concealed fridge/freezer, concealed dishwasher and concealed washing machine, base and eye level units, built-in gas hob with extractor fan above, built-in oven.
OUTSIDE Communal areas. Allocated underground parking space. ADDITIONAL INFORMATION Council tax band : B. Local authority : Colchester City Council. Energy rating : C.
Our seller advises us of the following:- Lease commenced : 2007. Ground rent : £250.00 per annum. Maintenance/service charge : £2600.00 per annum.
Leasehold properties : ground rents and service/maintenance charges may fluctuate. Precise figures and lease duration must be obtained from the sellers legal representative.
Value & comps
No previous sales on record.
Returns
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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 Benedict House, Circular Road South, Colchester
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