2-bedroom flat · CO2 8FP
For saleListed 5 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide price £135,000 Situated in the popular area of Hythe, conveniently located close to Colchester city centre and the University of Essex, this well-proportioned top-floor apartment presents an excellent opportunity for both investors and owner-occupiers.
The property is available with tenants in situ, currently generating a rental income of £1,150 per calendar month, or with vacant possession, offering flexibility to suit a range of buyers.
The accommodation begins with an entrance hallway providing access to all rooms, along with a useful storage cupboard housing the immersion heater.
The principal bedroom benefits from built-in wardrobes and an en-suite shower room, while a further double bedroom and a separate family bathroom provide additional accommodation.
The spacious open-plan living area offers a comfortable lounge space, with double doors opening onto a private balcony, creating an ideal spot to relax.
The living area flows seamlessly into the fitted kitchen, which features a range of wood-effect wall and base units, work surfaces, an integrated fridge and freezer, a built-in electric oven and an inset stainless-steel sink.
Further benefits include electric heating and an allocated parking space.
Ideally positioned for access to local amenities, Colchester city centre and the University of Essex, this apartment is well suited to investors seeking an established rental income or buyers looking for a conveniently located home.
Value & comps
No previous sales on record.
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 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
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FAQ
About Caelum Drive, Essex
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