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See how verdicts work3-bedroom flat · CO4 5GP
Listing removedListed 228 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***guide price £230,000 - £240,000*** Offered for sale with no onward chain, Palmer & Partners are pleased to present to the market this recently painted and decorated three-bedroom first-floor apartment, benefiting from new carpets and a new shower in the en-suite.
The property is situated in a well-located residential area close to a range of everyday amenities, making it ideal for families and commuters alike.
Colchester railway station is within walking distance, providing direct services to London Liverpool Street.
Several well-regarded schools are also nearby, including Queen Boudica Primary School, Myland Community Primary School and St Helena School.
Residents can enjoy convenient access to a variety of local shops and supermarkets such as asda Colchester Superstore, Iceland Foods and Home Bargains.
Healthcare facilities including Turner Road Surgery and Oaks Hospital are also within easy reach, while nearby Highwoods Country Park offers excellent outdoor recreation.
Accommodation comprises an entrance hall, a kitchen, and a spacious lounge with access to a private balcony.
There are three well-proportioned bedrooms, with the main bedroom benefiting from an en-suite shower room, alongside a modern family bathroom serving the remaining bedrooms.
Externally, the property benefits from one allocated parking space. Palmer & Partners strongly recommend early internal viewing to avoid disappointment.
Entrance Hall Kitchen (1.78m x 2.82m) Lounge (4.37m x 3.48m) Bathroom (1.73m x 1.73m) Main Bedroom (3.73m x 4.14m) En-Suite (2.74m x 1.1m) Bedroom Two (5.4m x 3.53m) Bedroom Three (2.8m x 4.83m)
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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
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FAQ
About 17, Wallace Road, Mile End, Essex
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