1-bedroom flat · CO1 1HA
No longer listedReduced £25 (−2.9%) on 21 AugListed 144 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set just a short stroll away from Castle Park, mainline Station and Colchester's Bustling City Centre is this well presented, ground floor apartment.
This is the ideal home for the professional tenant.
Finished to a good standard throughout, accommodation consists of an entrance hallway, open plan lounge/diner/kitchen, double bedroom and a bathroom.
Colchester's Mainline Train Station is also around a 10 minute walk away with links to London Liverpool Street within under an hour.
Offered unfurnished and available mid July, call us today to arrange your viewing. An early viewing is essential to avoid any disappointment.
Entrance Hallway Entrance door, doors leading off Kitchen/Living Area (4.17m x 4.95m (13' 8" x 16' 3")) Double glazed windows, wall and base level units, sink and drainer with mixer tap over, oven and hob, extractor fan, worktops, space for appliances, radiator Bedroom (2.87m x 3.1m (9' 5" x 10' 2")) Double glazed window looking into the kitchen/living area, radiator Bathroom (1.47m x 3.07m (4' 10" x 10' 1")) Low level WC, wash hand basin, bath with shower over, radiator Agents Note The vendor has provided us with the below information; Lease Length: 90 years remaining Ground Rent: £410 per annum Service Charge: £2000 per annum
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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
.png){kind=logo}
FAQ
About Flat 17, Wickham House, 1, Northgate Street, Essex
Explore nearby
