4-bedroom flat · CO2 8HW
Listing removedListed 134 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exceptional four-bedroom, two-bathroom duplex penthouse apartment, offering approximately 1,500 sq ft of contemporary accommodation with stunning waterside views.
Located on the sought-after Waterside Lane, this residence is ideal for those seeking a serene yet convenient lifestyle, with easy access to the University of Essex, local amenities, and Hythe Train Station, providing trains to London Liverpool Street.
Step into a spacious entrance hall leading to a well-proportioned double bedroom with built-in wardrobes, a stylish family bathroom complete with a WC, wash basin, and a bath with an overhead shower, and a second double bedroom featuring a charming Juliet balcony.
The floor’s highlight is the expansive open-plan living area, thoughtfully designed to blend style and functionality.
The well equipped kitchen is equipped with generous worktop space, ample cabinetry, and integrated appliances, flowing seamlessly into a bright lounge and dining area.
From here, two separate doors open onto a private balcony with picturesque views over the tranquil Distillery Pond. A large storage cupboard also adds convenience to this level.
Ascend to the first floor, where you’ll find the principal bedroom with an en-suite shower room, built-in eaves storage, and an additional storage cupboard.
A further double bedroom impresses with a unique vantage point overlooking the living area below.
Both bedrooms boast charming circular windows, offering far-reaching views and a quirky architectural touch.
The property includes two allocated parking spaces, a walkway onto the scenic Distillery Pond, and access to landscaped communal areas.
This stunning penthouse combines modern comfort with striking views and superb location benefits, ideal for both professionals and families alike.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 23, Waterside Lane, Colchester
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