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See how verdicts work1-bedroom flat · CO4 9XS
Listing removedListed 143 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Chinook, CO4, North Colchester Location: Situated in the popular North Colchester area of Highwoods, the property is conveniently positioned close to Highwoods Square, offering a range of everyday amenities including a Tesco Superstore, doctors’ surgery and dental practice.
The area is well served by a regular bus network providing access to Colchester city centre, while Highwoods Country Park is also nearby, offering excellent outdoor space.
Internally, the property opens into a spacious reception room featuring a box bay window, allowing an abundance of natural light to flood the room.
Completing the accommodation is a well-equipped kitchen with space for appliances. There is also a double bedroom benefiting from built-in storage and an en-suite shower room.
Externally, the property benefits from well-maintained communal gardens.
Parking is available within the residents' communal parking area to the side of the property, with additional on-street parking also available.
Viewings can be arranged without delay through one of our consultants.
Lease Information: We have been advised by the current owner that there is in excess of 900 years remaining on the lease with a service charge of approximately £736.59 which is paid ever 6 months.
There is currently a pepper corn ground rent in place. We do however advise all potential buyers to clarify this information with their solicitor.
Living Room 10' 7" x 9' 9" (3.23m x 2.97m) Kitchen 7' 7" x 6' 10" (2.31m x 2.08m) Bedroom One 12' 5" x 9' 4" (3.78m x 2.84m)
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
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FAQ
About 151, Chinook, Colchester
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