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See how verdicts work2-bedroom house · CO4 5YS
Listing removedReduced £10k (−5.3%) on 22 AugListed 94 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Well presented modern ground floor two bedroom apartment within easy reach of Colchester North Station for London’s Liverpool Street and city centre, offering good size lounge, two double bedrooms, en suite to master and allocated parking space.
A well presented modern two bedroom ground floor apartment situated within easy reach of Colchester’s North Station with its access for London’s Liverpool Street.
Communal entrance hall gives access to the apartment with an entrance hall and airing cupboard.
The good size lounge has double glazed French doors to Juliet balcony and further window to the front and opens nicely into the kitchen which has a range of fitted units and work surfaces with four ring ceramic hob with extractor fan over, electric oven under, plumbing for washing machine, sink with mixer taps, space for American style fridge/freezer, wall mounted cabinets and double glazed window to the rear.
The master bedroom has double glazed window to the rear and built in wardrobes with hanging space and drawers featuring an en suite shower room comprising shower cubicle, hand basin and WC.
Bedroom two is also a double size with double glazed window to the rear. The family bathroom offers panelled bath with mixer taps and shower attachment, WC and hand basin.
Outside We are advised the property benefits from an allocated parking space.
Location The property is situated on this popular modern development in Braiswick being a short distance to Colchester North Station which offers services to London’s Liverpool Street, Ipswich and Norwich, the city centre is also just a short distance away and the shopping facilities at nearby Turner Rise Retail Park with Asda Superstore and various other national outlet stores.
The A12 can be accessed London bound for the M25. Directions Please use postcode CO4 5YS for Satnav.
Important Information Council Tax Band - B Services - We understand that mains water, drainage and electricity are connected to the property.
Tenure - Freehold EPC Rating - tbc Ref - TOL260234/lk Leasehold – lease start date was 2007 with 125 year term, 104 years remaining. Ground rent and service charge to be confirmed.
Lease details - Subject to confirmation from the management company and/or, these charges are for the current year and maybe subject to change.
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 15, Propeliar Way, Essex
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