2-bedroom flat · CO1 2NJ
For saleReduced £10k (−5.6%) on 10 OctListed 70 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on Tarrett Drive, just off Hythe Hill, is this spacious first floor apartment offering over 700 sq ft of well-presented internal accommodation.
Ideally positioned within convenient walking distance of Colchester City Centre, the property also benefits from excellent transport links, with both Hythe and Colchester Town railway stations nearby, providing services towards London Liverpool Street.
The accommodation begins with a welcoming entrance hall, providing access to all rooms and a useful large storage cupboard.
There is a recently renovated family bathroom, finished in a modern style, alongside a generous principal bedroom with built-in storage and a further well-proportioned bedroom.
At the heart of the apartment is the impressive open-plan kitchen, dining and living area, offering an excellent space for both everyday living and entertaining.
The apartment has also benefited from a recently installed new boiler and new flooring, further enhancing the modern and well-maintained feel throughout.
Externally, the property benefits from an allocated parking space.
With its generous accommodation, modern improvements and convenient location close to Colchester City Centre and excellent rail links, the apartment would make an ideal first-time purchase, investment or home for those looking for well-connected city living.
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
Agent & docs
FAQ
About 4, Tarrett Drive, Colchester
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