2-bedroom flat · CO4 3RA
Sold STCListed 393 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to offer for sale this first floor maisonette situated within close proximity of Essex University, local shops, schools and regular bus service to Colchester's city centre.
Viewing is recommended. Entrance door to: ENTRANCE HALL Built-in storage cupboard, UPVC double glazed window to side, stairs to first floor.
LOUNGE 15' 2" x 14' 5" (4.62m x 4.39m) UPVC double glazed window to front, built-in storage cupboard, feature brick fireplace, door to kitchen and inner hallway.
KITCHEN 12' 9" x 8' 8" (3.89m x 2.64m) UPVC double glazed window to rear, base and eye level units, stainless steel sink set into work surfacing, integrated stainless steel electric oven, electric hob with overhead extractor, space for washing machine, tumble dryer and fridge/freezer, ceramic tiled floor.
INNER HALLWAY Ceramic tiled floor, access to loft, cupboard housing hot water cylinder, doors to: BEDROOM ONE 12' 8" x 11' 9" (3.86m x 3.58m) UPVC double glazed window to front, range of fitted wardrobes.
BEDROOM TWO 11' 4" x 8' 8" (3.45m x 2.64m) UPVC double glazed window to rear. BATHROOM Two UPVC double glazed obscure windows to rear, bath, WC and wash basin, inset spotlighting.
OUTSIDE The rear garden is laid to lawn and enclosed by panel fencing. ADDITIONAL INFORMATION Council tax band : A. Local authority : Colchester City Council. Energy rating : E.
Our seller advises us of the following:- Lease : 104 years remain. Service charge and ground rent : approximately £45.00 per month.
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
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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 Forest Road, Colchester
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