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See how verdicts work2-bedroom flat · CO3 9FQ
For saleReduced £5k (−1.8%) on 7 OctListed 136 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale with no onward chain, this spacious and beautifully presented two bedroom ground floor apartment provides stylish and generously sized accommodation throughout, making it an ideal first-time purchase, investment opportunity or home for those looking to downsize.
As the largest of the four apartments within the building, the property benefits from particularly spacious accommodation.
A further advantage is that the property still benefits from approximately six years remaining on the NHBC warranty, providing valuable peace of mind for prospective purchasers.
A particular feature of the property is its own private front door, providing independent access and a greater sense of privacy.
Internally, the accommodation comprises a welcoming entrance hall with two useful storage cupboards, offering excellent practicality, which leads through to a bright and spacious open plan kitchen / living area.
The apartment enjoys an abundance of natural light throughout, creating a bright and inviting atmosphere.
The well-appointed kitchen is fitted with a range of modern units and benefits from an integrated fridge / freezer, integrated dishwasher, integrated washing machine, gas hob with extractor hood over, and ample worktop and storage space.
There are two generously sized double bedrooms, with the principal bedroom benefiting from a contemporary en-suite shower room.
The second bedroom also features a useful built-in storage cupboard, adding further practicality. A modern family bathroom serves the remainder of the accommodation.
Externally, the apartment benefits from an allocated parking space and well-maintained communal grounds.
Conveniently positioned on the northern side of Colchester, the property is within easy reach of a range of local amenities including shops, supermarkets, leisure facilities and restaurants.
Colchester North station, Colchester city centre and the A12 are all readily accessible, making this an excellent choice for commuters.
The property has been exceptionally well-maintained throughout and is ready for immediate occupation, allowing a purchaser to move straight in and enjoy.
A viewing is highly recommended to fully appreciate the size, quality and convenience of accommodation on offer.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Flat 2, Flagman House, 40, Porter Drive, Essex
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