1-bedroom flat · CO2 8XE
Listing removedReduced £5k (−3.8%) on 21 JunListed 176 days
Opportunity summary
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About
Friday Wood Green, Colchester, Essex, CO2 8XE A Well-Presented One Bedroom Second Floor Apartment – No Onward Chain Guide Price £130,000 – £140,000 Property: This well-presented one bedroom second floor apartment offers comfortable and well-proportioned accommodation throughout.
Accessed via an entrance hall with useful storage, the property leads into a spacious lounge/dining room, ideal for both relaxing and entertaining.
The separate kitchen provides a practical layout with ample worktop and storage space. The double bedroom is generously sized, while the shower room is conveniently positioned and well-appointed.
Offered with no onward chain, this property represents an excellent opportunity for first-time buyers or investors alike.
Location: Situated in South Colchester, the property benefits from close proximity to the popular Friday Woods, offering scenic walks and outdoor space.
A range of local amenities are nearby, along with a regular bus network providing easy access to Colchester City Centre.
The coastal town of Mersea Island is just a short drive away, and the A12 is also easily accessible for commuting.
Leasehold Information: This property is offered on a leasehold basis, beginning on and including 26 May 1992 and ending on and including 30 December 2179 - 153 years remaining.
We have been informed by the seller that there is no ground rent payable and an annual service charge of circa £1380 per annum is payable.
We advise all interested parties to confirm this information with their legal representative at an early stage of their conveyance to prevent any discrepancy.
Viewings: Viewings are available via Michaels Property Consultants and are strictly by appointment.
Shower Room 7' 0" x 6' 7" (2.13m x 2.01m) Bedroom 11' 11" x 10' 3" (3.63m x 3.12m) Living/Dining Room 14' 5" x 11' 11" (4.39m x 3.63m) Kitchen 11' 1" x 7' 0" (3.38m x 2.13m) Leasehold Information This property is offered on a leasehold basis, beginning on and including 26 May 1992 and ending on and including 30 December 2179 - 153 years remaining.
We have been informed by the seller that there is no ground rent payable and an annual service charge of circa £1380 per annum is payable.
We advise all interested parties to confirm this information with their legal representative at an early stage of their conveyance to prevent any discrepancy.
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About 89, Friday Wood Green, Colchester
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