2-bedroom flat · CO1 2QU
Sold STCListed 258 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO ONGOING CHAIN...a chance to acquire this TWO BEDROOM FIRST FLOOR APARTMENT within WALKING DISTANCE of the CITY CENTRE, CASTLE PARK, COLCHESTER TOWN TRAIN STATION and GP/PHARMACY.
The apartment is in GOOD CONDITION, and viewing is recommended. Benefits include 18ft sitting room, well-maintained communal gardens, ONE ALLOCATED PARKING SPACE and TWO EN-SUITES.
Communal entrance door to: COMMUNAL ENTRANCE HALL Well presented communal entrance hall with stairs to all floors, entrance door to: ENTRANCE HALL Doors to: SITTING ROOM 18' 0" x 14' 8" (5.49m x 4.47m) Double glazed sash window to front overlooking well-maintained communal grounds, solar charged blind, radiator.
KITCHEN 14' 5" x 7' 4" (4.39m x 2.24m) Double glazed window to side, sink unit set into work surfacing, base and eye level units, built-in oven, built-in hob with extractor fan above, dishwasher to remain.
UTILITY/CLOAKROOM 10' 6" x 5' 1" (3.2m x 1.55m) Double glazed window to rear, WC and wash basin, storage cupboard, space and plumbing for washing machine and tumble dryer, radiator.
BEDROOM ONE 13' 9" x 9' 7" (4.19m x 2.92m) Double glazed window to front, radiator, solar charged blind, door to: EN-SUITE SHOWER ROOM 6' 7" x 3' 10" (2.01m x 1.17m) WC, wash basin and shower cubicle, heated towel rail.
BEDROOM TWO 18' 1" x 7' 5" (5.51m x 2.26m) Double glazed window to side, radiator, solar charged blind, door to: EN-SUITE BATHROOM 8' 8" x 4' 10" (2.64m x 1.47m) Double glazed window to rear, WC and wash basin, bath with shower, heated towel rail.
OUTSIDE Well-maintained communal grounds, bike and bin store. One allocated parking space and visitor parking space. Gate with secure entry onto East Hill. OUTSIDE Council tax band : C.
Local authority : Colchester City Council. Energy rating : C. Our seller advises us of the following:- Lease : 103 years remain. Ground rent : £150.00 per annum. Service charge : £1130.12 per annum.
Owners have the right to manage, so can control the maintenance and upkeep of the grounds. Leasehold properties : ground rents and service/maintenance charges may fluctuate.
Precise figures and lease duration must be obtained from the sellers legal representative.
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 Hillsleigh Mews, East Hill, Colchester
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