1-bedroom flat · CO3 3AH
For saleReduced £10k (−12.5%) on 6 OctListed 78 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***guide price £80,000 - £90,000*** Offered for sale with no onward chain, Palmer & Partners are delighted to present this one-bedroom ground floor retirement apartment, available exclusively for the over 55s.
The property is conveniently situated within easy reach of Colchester's historic city centre, together with a wide range of local shops, amenities and excellent transport links.
The development offers an excellent range of communal facilities, including a residents' lounge, laundry room, guest suite, on-site hairdresser and the added benefit of a site warden, providing both convenience and peace of mind.
The accommodation comprises an entrance hall, a fitted kitchen, a spacious lounge, a generous double bedroom and a modern shower room.
Externally, the development benefits from residents' communal parking. Palmer & Partners strongly advise an early internal viewing to avoid disappointment.
Entrance Hall Kitchen (2.64m x 2.44m) Lounge (3.28m x 4.93m) Bedroom (2.82m x 4.5m) Shower Room (1.83m x 2.24m)
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 Flat 16, Maldon Court,, Maldon Road, Essex
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