2-bedroom flat · CO7 9GT
For saleListed 181 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in an enviable and sought-after location, directly overlooking the Colne Estuary and beyond, a chance to acquire this spacious second floor apartment with no onward chain.
The apartment is in good condition, and viewing is highly recommended.
Benefits include one allocated parking space, light and airy lounge with French doors leading onto a usable balcony, kitchen with integrated appliances, close walking distance of Wivenhoe train station (London Liverpool Street approx.
75 minutes), pubs, local shops and facilities. Double glazed communal entrance door with security entry phone system to: COMMUNAL ENTRANCE HALL Stairs to second floor.
Entrance door to: ENTRANCE HALL Built-in storage cupboard, radiator, security entry phone system.
BEDROOM 14'8 x 13'5 Double glazed window to rear, built-in wardrobes, two radiators, door to: EN-SUITE Shower cubicle, WC and wash basin, heated chrome towel rail, inset spotlights, extractor fan.
BEDROOM 13'1 x 11'7 Double glazed window to rear, radiator, door to: JACK AND JILL BATHROOM Bath with mixer tap and hand-held shower, WC, wash basin, heated chrome towel rail, spotlights.
LOUNGE 24' x 14'3 reducing to 11'7 Double glazed French doors leading onto balcony, double glazed window to rear, two radiators.
USABLE BALCONY With uninterrupted views of the Colne Estuary and beyond, enclosed by glass panels and railings, tiled floor.
KITCHEN 11'4 x 9'1 Fully fitted kitchen comprising; stainless steel sink and drainer set into work surfacing, base and eye level units, inset four ring gas hob with extractor fan above, and double oven under, integrated fridge/freezer, integrated dishwasher, integrated washing machine, cupboard housing wall mounted gas boiler (not tested by Elms Price and Co), radiator, inset spotlights, double glazed window to rear.
OUTSIDE One allocated parking space. ADDITIONAL I NFORMATION Council tax band : D. Local authority : Colchester City Council. Energy rating : B.
We are advised of the following:- Lease : Commenced 2006 (105 years remaining). Ground rent : £250.00 per annum. Service/maintenance charge : £1,933.00 per annum.
Leasehold properties : ground rents and service/maintenance charges may fluctuate. Precise figures and lease duration must be obtained from the sellers legal representative.
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 Lord Nelson Court, Walter Radcliffe Road, Wivenhoe
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