2-bedroom flat · CO7 0DS
Listing removedListed 121 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available to let unfurnished this is two bedroom apartment located within the heart of the ever popular waterside village of Brightlingsea.
The apartment is one of 5 apartments to let located above the established co-op foodstore. Given it's central location within Brightlingsea the property is within easy reach of all local amenities.
You enter the apartment into a spacious entrance hall which has doors leading to all rooms, two built in storage cupboards and the phone intercom. Both bedrooms are a good size double.
The bathroom has a panelled bath with shower over and fitted screen, hand wash basin, lowl level wc and chrome heated towel rail. The living space is open plan with a light and airy feel.
The kitchen offers a range of base and eye level units, stainless steel sink with drainer, electric oven and hob and further spaces for appliances.
Please note tenant's have the option to rent a large storage cupbaord on the same floor of the apartment block for an additonal £50pcm. On road parking is available on the street.
Important Information Letting information The rent is exclusive of utilities and council tax.
Deposit: £1,269.23 Availability: 7th August Non Smokers Council tax band - B EPC rating - D Holding deposit Prospective applicants will be required to pay a Holding Deposit to Fenn Wright, equivalent to a maximum of 1 week's rent.
Once the holding deposit has been received, Fenn Wright will suspend marketing of the rental property for a period of 15 calendar days subject to referencing commencing promptly.
Upon successful references being completed, acceptable and the tenancy being confirmed by Fenn Wright, the holding deposit paid will then contribute towards the first month's rental payment.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Flat 2, 58, Silcott Street, Colchester
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