2-bedroom flat · CO3 0AQ
For saleReduced £10k (−5%) on 14 OctListed 61 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**guide price £210,000 to £220,000** This two bedroom, ground floor contemporary apartment is fortunately positioned to the west of Colchester, in Stanway.
A home complete with open plan living, en-suite, well proportioned bedrooms, allocated parking, allocated carport and communal garden.
Location here is ideal for those looking to reside in a pleasant location with an abundance of amenities nearby.
You are a short drive to tollgate retail park, the A12, marks tey train station and more. You enter this home via a communal entrance where the property is found on the ground floor.
An entrance hall provides access to the accommodation on offer. The focal point of the property is the open plan living, kitchen and dining room, a space ideal for relaxing and entertaining.
The kitchen is complete with modern units, worktops, integrated appliances and space for additional appliances.
The living and dining room is a well presented room with window over looking the communal garden and wood laminate flooring.
Through to the main bedroom, this room is spacious and benefits from an en-suite, as well as built in wardrobes. The second bedroom is also a good size with built in wardrobes.
Finally there is a well presented, three piece family bathroom.
Externally, this property has the benefit of allocated parking, an allocated carport, use of communal gardens as well as a visitor parking space.
Open Plan Lounge/Kitchen/Dining Room 6.10m x 4.40m (20' 0" x 14' 5") Principal Bedroom 3.30m x 3.05m (10' 10" x 10' 0") En Suite 1.75m x 1.64m (5' 9" x 5' 5") Second Bedroom 2.99m x 2.74m (9' 10" x 9' 0") Bathroom 2.78m x 1.78m (9' 1" x 5' 10") Disclaimer These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers.
Neither Knight Residential Limited nor any of its employees or agents has any authority to make or give any representation or warranty in relation to this property.
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 7, Dragonfly Drift, Colchester
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