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See how verdicts work2-bedroom flat · CO1 1ZX
Sold STCReduced £10k (−7.1%) on 22 MayListed 244 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***GUIDE PRICE £140,000 - £150,000*** We are delighted to offer for sale this two bedroom top floor flat located in North Colchester.
This property comprises of a double bedroom, single bedroom, spacious lounge diner, kitchen and family bathroom. Further benefitting from having allocated permit parking.
The property is ideally situated a stones throw away from the mainline train station and within walking distance to local amenities and bus routes.
An early viewing is advised to appreciate the accommodation to offer!
ENTRANCE HALL Electric radiator, two built in storage cupboards, access to loft space and doors to bedrooms, bathroom and living area.
BEDROOM ONE 8' 6" x 11' 9" (2.59m x 3.58m) French doors to Juliet balcony, built in mirrored wardrobes and electric radiator.
BEDROOM TWO 8' 8" x 7' 10" (2.64m x 2.39m) Window to front, built in double wardrobe and electric radiator.
BATHROOM 6' 4" x 5' 6" (1.93m x 1.68m) Electric wall heater, extractor fan and a full suite comprising of a bath with shower over, WC and wash hand basin.
LOUNGE 18' 3" x 9' 7" (5.56m x 2.92m) French doors to Juliet balcony, night storage heater and door to Kitchen.
KITCHEN 5' 8" x 8' 5" (1.73m x 2.57m) Window to front, sink with worktop to each side, built in electric hob and oven, extractor fan and space for washing machine and fridge freezer.
88 years remaining on the lease. Service Charge: £1065.55pa Ground Rent: £50.00pa
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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
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FAQ
About Claremont Heights, Colchester
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