2-bedroom flat · CO4 6ED
Let agreedListed 31 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An executive style two double bedroom apartment, situated on the highly desirable Chesterwell Development to the North of Colchester.
Located within close proximity of the A12, mainline station, Colchester General Hospital and a range of local shops and restaurants on your doorstep, this is the perfect home for the professional tenant.
Finished to an exceptional standard throughout, accommodation consists of a spacious living/kitchen dining room, with a range of integrated appliances, utility room, two spacious double bedrooms with built in wardrobes, high spec shower room as an ensuite and a separate bathroom with shower facilities and vanity unit.
Externally there is a large sunny balcony and allocated parking is available. The proeprty further benefits from air conditioning throughout.
Offered furnished/part furnished and available early November, call today to arrange your viewing and avoid disappointment.
Living/Kitchen/Dining (8.97m x 3.73m (29' 5" x 12' 3")) Bedroom 1 (4.04m x 3.38m (13' 3" x 11' 1")) Ensuite (2.82m x 1.22m (9' 3" x 4' 0")) Bedroom 2 (3.56m x 3.35m (11' 8" x 11' 0")) Bathroom (2.51m x 1.75m (8' 3" x 5' 9")) Utility Room (2.82m x 1.75m (9' 3" x 5' 9"))
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 12, Carris Close, Essex
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