2-bedroom flat · CO4 5YR
For saleReduced £10k (−5%) on 20 OctListed 105 days
Opportunity summary
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About
***guide price £200,000 to £225,000*** Positioned on the top floor of a modern development, this spacious and well-presented two-bedroom apartment offers bright, airy accommodation with a practical layout throughout.
The property features a generous dual-aspect living space with Juliet balcony, a contemporary fitted kitchen with integrated appliances, and two well-proportioned bedrooms, including a principal bedroom with en-suite.
Ideal for first-time buyers, investors, or commuters, the apartment benefits from allocated parking and convenient access to local amenities and transport links.
Overview ***guide price £200,000 to £225,000*** Positioned on the top floor of a modern development, this spacious and well-presented two-bedroom apartment offers bright, airy accommodation with a practical layout throughout.
The property features a generous dual-aspect living space with Juliet balcony, a contemporary fitted kitchen with integrated appliances, and two well-proportioned bedrooms, including a principal bedroom with en-suite.
Ideal for first-time buyers, investors, or commuters, the apartment benefits from allocated parking and convenient access to local amenities and transport links.
Step inside A communal entrance door with intercom entry system provides secure access into the building, with stairs ascending to the top floor and the personal front door.
Stepping into the property, the entrance hall offers a welcoming central space, providing access to all principal rooms and enhancing the apartment's practical layout.
The standout feature of the home is the impressive lounge measuring 6.3m x 3.2m (20'8" x 10'5"), a bright and spacious reception area ideal for both relaxing and entertaining.
Double glazed French doors open onto a Juliet balcony, allowing natural light to flood the room and creating an airy, open feel.
The adjoining kitchen (3.3m x 2.0m / 10'9" x 6'6") is well fitted with wood effect work surfaces, shaker style cupboards and drawers under, and matching eye-level units.
There is an inset one and a half bowl stainless steel sink with mixer tap, a four-ring electric hob with oven beneath and extractor over.
The master bedroom (3.1m x 2.6m / 10'2" x 8'6") is a comfortable double room featuring his and hers mirrored fronted wardrobes, providing excellent storage.
This room further benefits from a private en-suite, fitted with a moulded walk-in shower cubicle, pedestal wash hand basin, concealed cistern low-level WC, and tiled walls.
The second bedroom (3.1m x 2.5m / 10'2" x 8'2") is another good-sized room, ideal for guests, a home office, or additional accommodation.
Completing the property, the bathroom is fitted with a modern three-piece suite comprising a panelled bath with mixer tap and independent shower over, bi-fold shower screen doors, wall-mounted wash hand basin, and concealed low-level WC.
Step outside To the rear of the property, there is one allocated parking space, providing convenient off-road parking.
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
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FAQ
About 33, Propelair Way, Colchester
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