We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · CO2 8BQ
Sold STCReduced £5k (−3.8%) on 21 JulListed 424 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price £130,000 - £140,000 - Sold with a tenant in situ - Current yield 8.3% due to long standing tenant, with current rental increases the property has a potential yield of 9.9%.
- Situated within the well-regarded Viceroy Close development, this two bedroom first floor apartment presents an excellent opportunity for buy-to-let investors seeking a property with a tenant already in situ and an immediate rental return.
The property is accessed via a secure communal entrance and opens into a welcoming hallway leading to a spacious living / dining room filled with natural light from large windows.
The fitted kitchen offers a practical layout with ample storage and workspace. Two generously sized bedrooms provide comfortable accommodation, while the bathroom is fitted with a three-piece suite.
Externally, the property benefits from off-street parking for residents, adding to its convenience and appeal for tenants.
The development itself is positioned in a popular residential area, well served by local amenities including shops, supermarkets, and leisure facilities.
Excellent transport links are nearby, with easy access to Colchester city centre, mainline train stations, and major road networks.
This property offers strong rental potential in a location with consistent demand, making it a smart choice for portfolio expansion or a first investment purchase.
Entrance Hall Living / Dining Room (13' 3" x 10' 7") Kitchen (10' 7" x 5' 10") Bedroom One (12' 11" x 9' 7") Bedroom Two (8' 3" x 6' 8") Bathroom (7' 3" x 5' 6")
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 17, Viceroy Close, Essex
Explore nearby
.jpeg){kind=logo}
