1-bedroom flat · CO3 3FF
For saleListed 218 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Boydens are proud to present this beautifully maintained one-bedroom retirement apartment, exclusively for the over 60s and originally built by McCarthy Stone.
Situated on the second floor and enjoying a pleasant aspect, the light and well-presented accommodation comprises an entrance hall with useful storage cupboard, a spacious lounge with feature window allowing for plenty of natural light, and a fitted kitchen accessed via double doors.
The generous double bedroom benefits from fitted wardrobes, while the shower room offers a walk-in shower for added convenience.
The development provides lift access to all floors, a welcoming communal lounge, guest suite for visiting family and friends, laundry facilities and an on-site House Manager, offering both comfort and security.
Located within the popular Balkerne Heights development in Colchester, the apartment is ideally positioned for access to Crouch Street’s shopping parade and the vibrant city centre, with its wide range of shops, restaurants and leisure facilities, including the Mercury Theatre, Colchester Arts Centre and the historic Colchester Castle and parklands.
Colchester North Station is also within easy reach, providing direct links to London Liverpool Street, Ipswich and Norwich.
HALLWAY - 4' x 7'9'' (1.2m x 2.4m) BATHROOM - 6'10'' x 5'6'' (2.1m x 1.7m) LIVING AREA - 19' x 9' (5.8m x 2.7m) BEDROOM - 15'7'' x 8'10'' (4.7m x 2.7m) KITCHEN - 8'2'' x 7'7'' (2.5m x 2.3m) Length of Lease - 125 years Service Charge - £2,974.36 annually Ground Rent - £295 annually AGENT NOTE- Local Authority – Colchester City Council.
Broadband Availability –Ultrafast Broadband available with speeds of up to 1000 Mbps (details obtained from Ofcom Mobile and Broadband Checker) – March 2026 Mobile Coverage - It is understood that the best available service in the area is provided by EE with 83% performance.
VODAFONE, O2 and THREE all also cover the area with slightly lower performance ratings.
(details obtained from Ofcom Mobile and Broadband Checker) March 2026 Utilities - Mains Electric /Mains Water /Mains Sewerage.
Construction Type - We understand the property to be of Traditional Construction of brick.
Flood Risk - Data Taken from Gov.UK Flood Map – checked March 2026 - The property is at a very low risk of flooding.
Planning Applications in the Immediate Locality - checked March 2026 - We are not aware of any planning applications in the immediate locality.
MONEY LAUNDERING REGULATIONS - Please be advised that all purchasers will need to adhere to current laws of money laundering and therefore will need to provide Boydens Estate Agents photographic identification and proof of residency identification before any transaction is started to comply with the legislation.
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.
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