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See how verdicts work2-bedroom flat · CO2 8LE
For saleReduced £25k (−17.2%) on 23 OctListed 239 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Sold with tenant in situ, is this modern two-bedroom ground floor apartment situated within easy reach of the University of Essex.
Shops and restaurants are right on your doorstep, while Colchester’s historic city centre is just a short distance away, offering a wide range of dining, leisure and retail facilities.
The A12 corridor is conveniently accessible, and Colchester’s North Station provides direct mainline rail services to London in under an hour.
Internally the accommodation comprises of a modern fitted kitchen a spacious lounge with balcony, two double bedrooms with a balcony to master and family bathroom.
The property further benefits from having double glazing throughout and one allocated undercover parking space. Palmer & Partners would recommend an early internal viewing to avoid disappointment.
EPC: C Entrance Hall Lounge/Kitchen Bedroom One Bedroom Two Bathroom Agents Note We have been advised the following, from the current owner, regarding the lease:- Lease length: 106 years Ground rent: £300.00 per annum Maintenance charge: £1,200.00 per annum
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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 Flat 18, Spiritus House,, Hawkins Road, Essex
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