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See how verdicts work2-bedroom flat · CO4 5TY
No longer listedReduced £10k (−5%) on 15 JulListed 116 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No onward chain* Martin & Co are pleased to present a modern first floor apartment with two double bedrooms and two bathrooms located within walking distance to north station and close to the general hospital.
Ideal for the commuter or someone working at the hospital.
Property description Martin & Co are pleased to present this modern, two double bedroom, unfurnished, first floor apartment with off road parking, private balcony, gas central heating which is located within walking distance to Colchester North station.
Entrance hallway 12' 2" x 3' 7" (3.725m x 1.116m) A wide entrance hallway with built in storage cupboards and airing cupboard.
Lounge/diner 17' 8" x 10' 9" (5.408m x 3.278m) A spacious open plan lounge/diner with fitted carpets and a Juliet balcony with French doors over looking the development.
Kitchen 10' 11" x 6' 8" (3.346m x 2.048m) A modern spec, fully Integrated kitchen with double electric oven, gas hob, 50/50 fridge freezer, washing machine and plenty of cupboard/surface space.
Master bedroom 10' 9" x 10' 5" (3.291m x 3.193m) A large double bedroom with fitted carpets, French doors leading to a private balcony overlooking the communal gardens and access to the en-suite shower room.
Ensuite 10' 5" x 3' 6" (3.188m x 1.092m) An ensuite shower room with vinyl flooring, a double shower cubicle, wash basin and a toilet.
Bedroom two 10' 5" x 8' 5" (3.198m x 2.589m) A second double bedroom with fitted carpets and a double glazed window.
Bathroom 8' 2" x 6' 10" (2.498m x 2.100m) A good size neutral family bathroom with vinyl flooring, a double glazed window, wash basin, toilet and a bath.
The property also benefits with double glazed windows, gas central heating throughout, a cycle storage area and one allocated parking space.
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 25, Joy Clucas House, Colchester
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