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See how verdicts work2-bedroom house · CO2 7WE
For saleListed 9 days
Opportunity summary
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About
Boydens are delighted to bring to the market this exceptionally spacious two-bedroom luxury retirement apartment at Lancer House, ideally situated within walking distance of a Sainsbury’s Local and close to a major bus route providing convenient access to Colchester city centre.
Situated on the second floor, the apartment enjoys a desirable south-west-facing aspect, creating a bright and welcoming living environment.
The spacious, dual-aspect open-plan living and dining area leads through to a modern fitted kitchen, offering ample storage, generous worktop space and a range of integrated appliances.Both bedrooms are well-proportioned doubles, with the principal bedroom benefiting from a walk-in wardrobe.
A contemporary wet room completes the accommodation. The property further benefits from a private allocated parking space.
Lancer House offers an exceptional retirement lifestyle, combining independent living with the reassurance of on-site support and facilities.
Residents can enjoy a subsidised restaurant serving freshly prepared meals, including three-course dining and room service, together with a Wellness Suite offering hairdressing and beauty treatments.
A range of subsidised personal care and domestic services is available from familiar, trusted staff, with care regulated by the Care Quality Commission.
Further peace of mind is provided by a 24-hour emergency response service, with alarm bracelets, pull cords and call systems monitored by the on-site Duty Manager.
Additional benefits include a weekly one-hour cleaning service, complimentary use of laundry and drying facilities, and no responsibility for external window cleaning or garden maintenance.
Residents also benefit from no water or sewerage charges and no buildings insurance costs, helping to make everyday living more convenient and hassle-free.
This attractive apartment presents an excellent opportunity to enjoy spacious, comfortable retirement living within a well-regarded development, offering a balance of independence, convenience and reassurance.
Residents enjoy complete peace of mind thanks to a 24-hour emergency response service, with alarm bracelets, pull cords and emergency call systems monitored by an on-site Duty Manager who is known to residents.
This level of support removes the need for separate home security or personal monitoring services while providing reassurance for both residents and their families.
Ownership at Lancer House also brings several practical financial benefits.
There are no water or sewerage charges, no buildings insurance costs, and contents insurance premiums are typically lower due to the development's high level of security.
A weekly one-hour cleaning service is included, together with free use of the laundry and drying facilities, while residents have no responsibility for external window cleaning or garden maintenance.
Above all, Lancer House offers far more than simply an apartment.
It provides the opportunity to become part of a luxury, secure and exceptionally welcoming community, where residents enjoy an active social environment, excellent facilities and the reassurance of friendly neighbours and caring staff.
It is this unique combination of quality accommodation, outstanding value and genuine community spirit that makes it such a highly desirable place to call home HALLWAY - 11'3'' x 9'3'' (3.4m x 2.8m) BEDROOM ONE - 13' x 15'10'' (4m x 4.8m) LIVING ROOM - 16'6'' x 13'4'' (5m x 4.1m) KITCHEN - 8'9'' x 7'2'' (2.7m x 2.2m) UTILITY ROOM - 3'7'' x 7'2'' (1.1m x 2.2m) BEDROOM TWO - 12'7'' x 10'10'' (3.8m x 3.3m) BATHROOM - 6'3'' x 7'3'' (1.9m x 2.2m) Length of Lease - 992 years Service Charge - £12,704.97 annually Ground Rent - £510 annually
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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FAQ
About Lancer House, West Colchester
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