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 · CO6 4HB
Sold STCListed 187 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated to the north of Colchester in the sought-after village of Great Horkesley, a chance to acquire this two bedroom ground floor maisonette with NO ONWARD CHAIN.
In our opinion the property would make an ideal first time purchase. Viewing is recommended. Entrance door to: LOUNGE 14' 2" x 11' 3" (4.32m x 3.43m) Window to front, radiator, archway to kitchen.
KITCHEN 8' 10" x 6' 1" (2.69m x 1.85m) Stainless steel sink set into work surfacing, base and eye level units, built-in oven and hob, space for domestic appliances.
BEDROOM ONE 15' 4" x 11' 1" (4.67m x 3.38m) Window to front. BEDROOM TWO 10' 4" x 8' 10" (3.15m x 2.69m) Window to front. SHOWER ROOM Walk-in shower cubicle, WC, wash basin, fully tiled walls.
OUTSIDE Allocated parking. ADDITIONAL INFORMATION Council tax band : B. Local authority : Colchester City Council. Energy rating : D.
We are advised of the following: Lease : 999 years from 1 January 1991. Ground rent : £494.49 (last paid, next review 2031). Buildings insurance : £181.33.
Service charge : £1,421.62 (for current year). 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 Moreland Court, Glenway Close, Great Horkesley
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