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See how verdicts work2-bedroom flat · CO6 1DY
Listing removedListed 152 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale with no onward chain, Palmer & Partners are delighted to present this well-presented two-bedroom second floor apartment, situated within the highly regarded Rookeries development to the west of Colchester.
The area offers an ideal blend of convenience, connectivity and green open spaces, making it particularly popular with families, professionals and commuters alike.
The property benefits from excellent access to the A12, Marks Tey Station with direct rail links to London Liverpool Street, and Colchester City Centre.
Residents can also enjoy a wide range of nearby amenities including well-regarded schools, supermarkets, leisure facilities, restaurants and local shopping options, whilst Tollgate Retail Park is just a short distance away.
The surrounding area further benefits from countryside walks, parks and recreational spaces, offering an excellent balance between town and country living.
The accommodation comprises an entrance area leading into the hallway, a modern and well-appointed kitchen, spacious lounge, two bedrooms and a bathroom.
Externally, the property benefits from off-street permit parking. Palmer & Partners would strongly recommend an early internal viewing to fully appreciate the accommodation on offer.
Porch Entrance Hall Lounge (3.66m x 4.24m) Kitchen (2.3m x 2.44m) Main Bedroom (2.7m x 2.8m) Bedroom Two (2.34m x 2.2m) Bathroom (1.7m x 2.18m) Agents Note We have been advised by the vendor that the lease will be renewed to 99 years.
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 12, The Rookeries, Marks Tey
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