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See how verdicts work4-bedroom flat · CO1 2JX
SoldListed 265 daysAuction 26 Feb · ended
Opportunity summary
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About
FOR SALE BY PUBLIC AUCTION ON THURSDAY, 26TH FEBRUARY 2026 AT 12.00PM NOON. LIVE STREAMED VIA DEDMAN GRAY WEBSITE.
BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE BUY TO LET: A FREEHOLD BLOCK OF THREE FLATS PRODUCING AN ANNUAL INCOME OF WHEN FULLY LET OF £30,000 PER ANNUM.
A 10% YIELD OF THE GUIDE PRICE A freehold building close to the city centre and railway station comprising of three residential apartments.
two of the three flats are currently let on assured shorthold tenancies producing a combined income of £1750 per month.
The third has recently become vacant but was previously achieving £750 per month, giving a total potential income of £2500 per month (£30,000 per annum).
190 Magdalen Street - Two Bedroom top floor flat- 690 square foot 190a Magdalen Street - One bedroom ground floor flat- 420 square foot 190b Magdalen Street - One bedroom ground floor flat- 475 square foot 190 -Two Bedroom top floor flat- £1000 per month 190a-One bedroom ground floor flat- £750 per month 190b -One bedroom ground floor flat- now vacant- previous-£750 per month Current Total per month-£1750 per month (£21,000 per annum) Total when fully let £2500 per month (£30,000 per annum) For more information relating to the current tenancy agreements in place please refer to the legal pack Flat 190 - D Flat 190a - E Flat 190b- D
Value & comps
No previous sales on record.
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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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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 190a,190b &190c Magdalen Street, Colchester, Essex, CO1 2JX
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