2-bedroom flat · CO1 1EA
For saleListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Rarely available, this two-bedroom second-floor apartment occupies a lovely position overlooking the River Colne, within walking distance of the city centre and mainline railway station.
Offered with no onward chain and the added benefit of a garage.
The accommodation comprises an entrance hall leading to a spacious lounge with French doors opening onto a balcony, enjoying lovely views over the River Colne.
The fitted kitchen features a range of matching base and eye-level units, a sink and drainer, electric hob and oven, space for a dishwasher and washing machine, and a useful storage cupboard.
There are two bedrooms, with the principal bedroom also enjoying attractive river views. The bathroom is fitted with a bath, electric shower, WC and wash hand basin.
Externally, the property benefits from a garage, offering useful parking or additional storage space.
Location Parkside Quarter is an attractive development ideally situated just off St Peter’s Street, within easy reach of Colchester’s historic Dutch Quarter, High Street and town centre.
The beautiful Castle Park is also within walking distance, as is Colchester North railway station, offering direct services to London Liverpool Street.
For commuters, the A12 is easily accessible via the Avenue of Remembrance, providing convenient routes towards the M25 and London. Directions Use postcode CO1 1EA for Satnav.
Important Information Council Tax Band – B EPC Rating - C Services - We understand that mains water, gas, drainage and electricity are connected to the property.
Tenure - Leasehold Lease details - The property is held on a 125 years from 30 July 2002.
The service charge and buildings insurance premium are approximately £1,700 per year and the ground rent is £50 per year these charges are for the current year and maybe subject to change, all information should be checked by your solicitor.
Agents note Any intending viewers or purchasers are advised of the following: An EWS1 form (External Wall Survey) may be recommended for certain apartment buildings dependant on issues such as the height of the structure.
The positioning of balconies and composition of any external cladding.
Fenn Wright have not undertaken any such assessment in respect of this particular property and this note has been added to all flats being offered for sale throughout our business as appropriate general guidance.
We recommend that potential purchasers seek advice from their solicitor and an independent Chartered Surveyor before committing to a purchase.
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
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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
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FAQ
About Parkside Quarter, Essex
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