1-bedroom flat · CO3 3HE
For saleListed 6 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***GUIDE PRICE £110,000 - £120,000*** Offered for sale with no onward chain and vacant possession, Palmer & Partners are delighted to present this spacious one-bedroom ground-floor apartment, ideally situated in the highly sought-after Lexden area of Colchester.
The property enjoys a convenient location, with Colchester city centre and the popular Crouch Street shopping parade both within easy reach.
The area is also well served by a selection of highly regarded educational establishments, including Colchester County High School for Girls, Colchester Royal Grammar School, Oxford House School, St Mary's School and Colchester Sixth Form College.
Colchester North Station is located less than one mile away, providing direct rail services to London Liverpool Street in approximately 50 minutes.
The property also benefits from excellent road connections, with convenient access to the A12.
The property opens into a generously proportioned lounge/dining room, with an inner hallway providing access to a well-appointed fitted kitchen and a fully tiled bathroom.
To the rear of the apartment is a spacious double bedroom, complete with a built-in wardrobe. Externally, the property benefits from well-maintained communal gardens and allocated parking to the rear.
Palmer & Partners strongly recommend an early internal viewing to avoid disappointment.
Hallway 9' 6" x 2' 0" Living Room 15' 2" x 13' 0" Kitchen 9' 4" x 4' 8" Bathroom 6' 1" x 4' 10" Bedroom 9' 4" x 13' 0"
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
FAQ
About Wellesley Road, Colchester, Essex, CO3
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