2-bedroom flat · CO2 7QJ
For saleReduced £10k (−6.3%) on 17 SepListed 94 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**** guide price £160,000 to £170,000 **** Palmer & Partners are delighted to present this well-presented two-bedroom apartment, ideally situated to the south of Colchester, offering excellent access to local amenities, transport links and the city centre.
The accommodation comprises an entrance hall with a useful storage cupboard, a lounge diner, and a modern fitted kitchen offering a range of wall and base units, complete with a gas hob, oven, fridge freezer and space for a washing machine.
There are two well-proportioned bedrooms, with the principal bedroom benefiting from built-in storage, alongside a well-appointed bathroom.
Externally, the property benefits from one allocated off-road parking space.
Conveniently located close to local shops, schools, amenities and regular bus services, the property is also within easy reach of Colchester's historic city centre, offering an excellent selection of shops, restaurants, leisure facilities and attractions.
Palmer & Partners strongly recommend an early internal viewing to appreciate all this excellent apartment has to offer.
Entrance Hall Lounge Diner 3.22 x 4.83 Kitchen 3.76 x 1.64 Bedroom 1 2.72 x 3.60 Bedroom 2 2.17 x 3.58 Bathroom 2.09 x 1.68
Value & comps
No previous sales on record.
Returns
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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 18, Chariot Drive, Essex
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