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 8JD
Sold STCListed 249 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
OVERVIEW ***GUIDE PRICE £170,000 TO £190,000*** John Alexander is proud to present to market a well-presented two-bedroom, two-bathroom first-floor apartment offering spacious and modern living in a convenient location.
The property features a bright and airy open-plan lounge and kitchen area, two generously sized bedrooms.
Additional benefits include allocated parking, secure entry, and close proximity to local amenities, transport links, and Colchester town centre.
THE HOME Upon entering, you're welcomed into a central hallway that leads directly into the heart of the home - a bright and open kitchen/diner and living area measuring 19'4" reducing to 9'7" x 16'0" reducing to 11'4" (5.89m x 4.88m).
This versatile space is ideal for both relaxing and entertaining, featuring a shaker-style kitchen complete with an integrated electric oven, hob, and extractor fan.
The main bedroom is generously sized at 15'0" x 9'4" (4.57m x 2.84m) and benefits from its own en-suite bathroom, offering privacy and convenience.
The second bedroom, measuring 11'1" x 9'3" (3.38m x 2.82m), is perfect for guests, a home office, or additional family members. A stylish family bathroom completes the accommodation.
The property features a secure entry system, ensuring safety and convenience for residents.
Additionally, it includes parking space for one car, providing easy access and peace of mind for vehicle owners.
THE LOCATION Nestled in a vibrant neighbourhood, this property on Meachen Road is ideally situated for both convenience and leisure.
Located just a short distance from the University of Essex, it offers excellent accessibility for students and staff alike.
The surrounding area boasts a variety of local amenities, including supermarkets, cafes, and parks, providing residents with everything they need within easy reach.
Public transport options are readily available, with bus stops nearby offering connections to Colchester city centre and beyond.
FURTHER INFORMATION This property presents an exceptional opportunity for investors and first-time buyers alike with an estimated rental income of £1,200 per calendar month, this investment promises a healthy return and consistent demand
Value & comps
No previous sales on record.
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 asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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 Meachen Road, Colchester
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