2-bedroom flat · CO5 8QG
Listing removedReduced £5k (−2.2%) on 20 JunListed 187 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set in the heart of the village centre on Mersea Island, this beautifully presented two-bedroom ground floor maisonette offers stylish, low-maintenance living just moments from local amenities and the coast.
Recently renovated throughout, the property benefits from brand new flooring and carpets, creating a fresh and contemporary feel, while newly replaced radiators ensure comfort and efficiency.
The accommodation comprises a bright and welcoming living space with patio doors opening directly onto well-kept communal gardens, providing a pleasant outlook and an ideal spot to relax or entertain, two well proportioned bedrooms and family bathroom.
The modern kitchen has an integrated cooker, hob and dishwasher.
Further benefits include one allocated parking space and the convenience of ground floor access, making the home suitable for a range of buyers including first-time purchasers, downsizers, or investors.
This is a fantastic opportunity to acquire a turnkey property in a sought-after coastal village location.
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 9, Queens Mews, Colchester
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