We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · CO2 8RP
Sold STCListed 139 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Looking for a spacious home with outdoor space, parking, and exceptional lease terms?
This beautifully presented two-bedroom first-floor apartment on Mersea Road offers a rare combination of affordability, convenience, and long-term value.
Offered to the market with no onward chain, this attractive apartment features two generous double bedrooms, a bright and welcoming lounge/diner, fitted kitchen, walk-in shower room, and a practical entrance hall with excellent storage.
Gas-fired central heating ensures year-round comfort, while the recently extended lease of over 170 years, peppercorn ground rent, and very low service charges make this an outstanding proposition for homeowners and investors alike.
Step outside and enjoy the uncommon luxury of your own private garden, complemented by a brick-built storage shed and dedicated bin store included within the lease.
Residents’ parking provides added convenience, while the property’s location places Lidl, local amenities, Colchester city centre, transport links, the University of Essex, schools, healthcare facilities, and the scenic Middlewick Ranges all within easy reach.
Whether you’re a first-time buyer seeking a move-in-ready home or an investor looking for a strong long-term asset, this apartment ticks all the right boxes.
Opportunities like this are rarely available. With no onward chain, excellent leasehold benefits, private outdoor space, and a sought-after location, early viewing is strongly recommended.
Contact us today to arrange your appointment and discover everything this exceptional apartment has to offer.
Entrance Door To: Entrance Hall Lounge/Diner 15'4" x 14'1" (4.67m x 4.29m) Kitchen 9'7" x 8'9" (2.92m x 2.67m) Bedroom One 12'4" x 12'1" (3.76m x 3.68m) Bedroom Two 12'5" x 9'7" (3.78m x 2.92m) Shower Room 6'0" x 5'1" (1.83m x 1.55m) WC 6'1" x 2'6" (1.85m x 0.76m) Agents Note Tenure: Leasehold Length of lease: 170 Years remaining Ground Rent: Peppercorn Service Charge: 544 Per Annum Disclaimer haart Estate Agents also offer a professional, ARLA accredited Lettings and Management Service.
If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.
haart Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position.
We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Mersea Road, Colchester
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