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See how verdicts work1-bedroom flat · CO4 6AJ
Listing removedListed 210 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered at 40% shared ownership (£180,000 full market value) through Eastlight, this attractive one-bedroom first-floor apartment presents an excellent opportunity for first-time buyers.
The monthly rent on the remaining 60% share is £250.04, with the option to staircase to full ownership.
Available with no onward chain, the property is located on the sought-after Chesterwell development to the north of Colchester, positioned on Wildeve Avenue.
It offers convenient access to a range of local amenities, including the Northern Gateway Leisure Park, Colchester General Hospital, the A12, and Colchester North Station, which provides direct rail links to London Liverpool Street.
The accommodation comprises a welcoming entrance hallway with a generous storage cupboard, ideal for coats and household items.
The principal bedroom enjoys pleasant open field views, creating a calm and private setting.
The modern bathroom is fitted with a bath and overhead shower, WC, and wash basin, all finished in a contemporary style.
The main living space features a bright and spacious open-plan kitchen, dining, and living area, enhanced by multiple windows that allow plenty of natural light to fill the room.
The kitchen is well-equipped with ample worktop and storage space, making it both practical and well-suited for entertaining.
Externally, the property benefits from an allocated parking space, as well as additional visitor parking.
This well-presented apartment is ideal as a first home, investment, or low-maintenance property, perfectly suited for commuters and those seeking modern living in a convenient location.
Agents Note: We have been advised of the following: 40% Full Market Value: £180,000 Share Value: £72,000 Rent (on unsold equity): £250.04 per month Service Charge: £43.82 per month Lease Length: 93 years remaining
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
Agent & docs
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FAQ
About 94, Wildeve Avenue, Colchester
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