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See how verdicts work3-bedroom flat · CO2 7NY
Listing removedListed 206 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*Guide Price £375,000 - £395,000* This beautifully converted apartment forms part of the award-winning Arena Place development, set in the historic Roman Circus area.
Combining timeless heritage with modern style, it offers contemporary living just moments from the heart of the city centre.
A pair of double doors open to a private entrance hall featuring useful storage cupboards and stairs rising to the first floor.
A spacious 25ft landing, with a sash window overlooking the rear aspect and loft access, leads to the principal rooms.
The lounge/diner is a bright and inviting space with two sash windows to the front and one to the side, complemented by elegant herringbone flooring.
The kitchen enjoys a sash window to the front aspect and is fitted with a stylish marble worksurface inset with a sink unit, matching base and eye-level cupboards, and a full range of integrated appliances including an oven with induction hob and extractor, combi oven, dishwasher, fridge/freezer, and washing machine.
The master bedroom benefits from two sash windows to the rear aspect and bespoke fitted wardrobes with overhead storage.
Its en-suite features a shower cubicle, WC, wash hand basin, and a heated towel rail.
Bedroom two includes a sash window to the front aspect and bespoke built-in wardrobes with cupboards above, while bedroom three enjoys two sash windows to the rear aspect and continues the theme of attractive herringbone flooring.
The family bathroom comprises a panel-enclosed bath with shower over, WC, an ornate wash basin set into a vanity unit, part-tiled walls, and a heated towel rail.
Externally, the property benefits from one allocated parking space, with additional visitors’ parking available.
Location Flagstaff Road enjoys a peaceful, leafy setting just moments from the heart of Colchester’s historic and vibrant city centre.
A wealth of amenities are close at hand, including boutique shops, acclaimed restaurants, stylish wine bars, the renowned Mercury Theatre, and the scenic Castle Park.
Colchester’s mainline station is also within walking distance, providing direct services to London Liverpool Street in under an hour. Directions Please ust postcode CO2 7NY for Satnav.
Important Information Council Tax Band - C Services - We understand that mains water, drainage and electricity are connected to the property.
Tenure - Leasehold EPC rating - E The property is held under the original 125-year lease commencing in 2017, with an annual ground rent of approximately £295 and an annual service charge of approximately £1,234.12.
These figures relate to the current year and are subject to change. All leasehold information should be verified by your solicitor prior to purchase.
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
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FAQ
About 16, Flagstaff Road, Essex
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