2-bedroom flat · CO1 1AG
Sold STCListed 178 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
GUIDE PRICE £160,000 to £170,000.
Offered for sale with NO CHAIN, a chance to acquire this two-bedroom GROUND FLOOR FLAT situated within close walking distance of Colchester's mainline railway station (London Liverpool Street approximately one hour).
In our opinion the property would make an ideal first time purchase or investment opportunity.
Communal entrance door with security entry phone to: COMMUNAL ENTRANCE HALL Door to: ENTRANCE HALL Cupboard housing hot water system, cloaks cupboard, storage radiator, security entry phone.
LOUNGE 18' 3" x 13' 8" (5.56m x 4.17m) Window to rear, storage radiator.
KITCHEN 9' 6" x 6' 2" (2.9m x 1.88m) Window to rear, stainless steel sink set into work surface, base and eye level units, built-in hob with extractor fan above, and oven under, space for domestic appliances.
BEDROOM ONE 10' 5" x 9' 4" (3.18m x 2.84m) Window to front, storage cupboard, storage radiator, door to: EN-SUITE SHOWER ROOM Wash basin, WC and shower cubicle. BEDROOM TWO 10' 5" max. x 9' 2" max.
(3.18m x 2.79m) An irregular shaped room with two windows to front, electric panel radiator. BATHROOM Window to front, bath, WC and wash basin, electric wall heater. OUTSIDE Allocated parking space.
Communal grounds. ADDITIONAL INFORMATION Council tax band : B. Local authority : Colchester City Council. Energy rating : C. Lease : TBC. Ground rent : TBC. Maintenance/service charge : TBC.
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
Agent & docs
FAQ
About Clarendon Way, Colchester
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