3-bedroom flat · CO3 3BP
Listing removedListed 82 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This three-bedroom first floor apartment is located in the heart of Colchester's town centre.
With an abundance of local amenities including entertainment, food and retail within short walking distance as well as schooling close by.
Providing convenient routes to bus and train links for easy commuting as well as Colchester's Castle Park for weekend strolls and days out.
Comprising of an open plan lounge/diner with plenty of natural light through dual aspect windows and a Juliet balcony with gas central heating throughout.
Linking to a fitted kitchen with integrated appliances of which include an oven, fridge/freezer, wall mounted microwave oven and washing machine as well as plenty of wood storage units.
Offering three bedrooms of which two are generous doubles with the master benefitting from en-suite facilities with a walk-in shower and a heated towel rail.
Furthermore, the property provides a white three-piece bathroom suite including a bath and sink with integral storage.
Benefitting from allocated parking, offered unfurnished, and available late January, call the Oakheart Lettings Team today to book a viewing!
Entrance Hall Lounge/Diner (4.70 x 4.04 (15'5" x 13'3")) Kitchen (3.43 x 1.96 (11'3" x 6'5")) Master Bedroom (3.71 x 3.53 (12'2" x 11'6" )) En-Suite Second Bedroom (3.78 x 2.62 (12'4" x 8'7")) Third Bedroom (2.92 x 2.18 (9'6" x 7'1" )) Bathroom (2.36 x 1.68 (7'8" x 5'6"))
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.
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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
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FAQ
About 31, St. Marys Fields, Colchester
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