1-bedroom house · CO1 2RX
For saleReduced £5k (−5.6%) on 29 JulListed 261 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Saxons are delighted to offer for sale this well presented retirement apartment situated in this desirable Cranmere Court complex which is a short distance from the city centre and local amenities.The complex is for the over 60's and offers a communal lounge and on site resident management.
On offer with no onward chain, viewing is highly recommended.
Entrance Hall Large built in storage cupboard, electric storage heater, doors to: Shower Room Modern white suite comprises tiled shower cubicle, low level WC, wash hand basin, tiled walls, chrome effect heated towel rail.
Bedroom 14'3 x 9'5 Built in double wardrobe, double glazed window to front aspect.
Lounge 16'2 x 10'4 Wall mounted electric storage heater, double glazed box bay window to front aspect, opening to: Kitchen 7'10 x 7'7 Range of eye level units with matching cupboards and drawers below, fitted work surfaces, sink with drainer and mixer tap, space and plumbing for appliances.
Communal Areas and Outside Cranmere Court benefits from a large and pleasant residents lounge and there is on site residence management.
To the rear are attractive communal gardens and ample resident/visitor parking.
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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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 Flat 202 Cranmere Court, Exeter Drive, Colchester
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