2-bedroom flat · CO3 3LG
Sold STCListed 337 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered with no onward chain is this stylish two bedroom duplex apartment close to the city centre and North Station, recently redecorated and has an en-suite shower room, open plan living room / kitchen, first floor lounge and parking.
The apartment is accessed via a double glazed entrance door which leads to the open plan living room / kitchen with a window to the front and stairs to the first floor.
The kitchen has fitted units, ceramic hob, electric oven with extractor fan over, sink with mixer taps, integrated fridge freezer and dishwasher.
An inner hallway gives access to both bedrooms which are located to the rear and have built-in wardrobes.
The principal bedroom has sliding double glazed doors and features an en-suite shower room comprising shower cubicle, wash hand basin, WC and chrome heated towel rail.
On the first floor there is a sitting room with a panoramic window to the front with views towards the river, open balustrade and further entrance which can be accessed via a first floor landing.
Outside There are communal gardens and there is an allocated parking space.
Location Rotary Way is situated a short distance to the city centre which offers a varied range of shopping facilities, bars and restaurants.
Colchester North Station offers services to London's Liverpool Street. The A12 can be accessed London bound for the M25.
Directions SatNav - postcode CO3 3LG Important Information Council Tax Band – C Services - We understand that mains water, gas, drainage and electricity are connected to the property.
Tenure - Leasehold EPC rating – C Our ref - COL250791 The property is held on a lease with an original term of 155 years commencing in January 2005.
The current annual service charge is £2,811.34 which includes use of the residents’ gym. The current ground rent is £270 per annum.
All details should be verified by your solicitor prior to exchange of contracts.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Rotary Way, Colchester, CO3
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