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See how verdicts work2-bedroom flat · CO4 5ZG
For saleReduced £10k (−11.1%) on 15 OctListed 166 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**Guide Price £140,000 - £150,000** Well presented two bedroom ground floor apartment offering no onward chain situated to the north of the city, easily located for Colchester General Hospital, Colchester North Station, Severalls Business Park and Gilberd Secondary School.
Communal entrance hall gives access to entrance door and entrance hall with airing cupboard and all doors leading off.
The lounge has dual aspect windows and shelving, the kitchen has fitted units and work surfaces and double glazed window.
Bedroom one is a good double size and has built in wardrobe, bedroom two has double glazed window to the side.
The shower room has been redesigned with disabled facilities in mind, with hand basin, WC and shower unit, creating a superb wet room.
Outside There are communal gardens that surround the apartment block and the property does benefit from an allocated parking space, there are also bin stores nearby.
Location The property is located to the north of Colchester City, superbly located for Severalls Business Park, Colchester General Hospital, Colchester North Station for London Liverpool Street, Gilberd Secondary School and A12, A120 interchange.
There are shopping facilities nearby for day to day needs at Tesco’s Superstore on Highwoods. Directions Please use postcode CO4 5ZG for Satnav.
Important Information Council Tax Band - B Services - We understand that mains water, drainage and electricity are connected to the property.
Tenure - Leasehold EPC Rating - C Ref - COL260380/pc Lease 125 years from 2006 – 105 years remaining Service Charge tbc Ground Rent tbc Lease details - Subject to confirmation from the management company and/or, these charges are for the current year and maybe subject to change.
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
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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 33, Mortimer Gardens, Essex
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