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See how verdicts work1-bedroom flat · CO1 2XT
For saleListed 17 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
ENTRANCE HALL Double glazed front door leading to entrance stairwell LIVING AREA 15' 8" x 12' 10" (4.78m x 3.91m) Window to front, electric heater, door to storage cupboard, window to rear KITCHEN 8' 9" x 5' 11" (2.67m x 1.8m) A range of kitchen units with matching cupboards above, inset sink and ceramic hob with oven and extractor fan and space for white goods.
Cupboard housing water tank, double glazed window to front BATHROOM 6' 5" x 6' 5" (1.96m x 1.96m) Corner shower cubicle, low level WC, Pedestal sink, double glazed window to side, electric heater and extractor fan.
OUTSIDE The property benefits from one parking space. The vendor has informed us of the added information Lease, 999 years from 1980, (954 years remaining). Service Charge £851.28 p.a.
(All inclusive) Council band A
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 Nicholsons Grove, Colchester
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