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See how verdicts work4-bedroom flat · CO2 7EU
Opportunity summary
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About
An excellent opportunity to purchase a freehold house currently converted into four apartments, let out until May 2026 on an AST, generating a gross income of approximately £38,160 per year, resulting in a gross yield of 10.6%.
This is a well-managed investment property that has been continuously rented for 25 years being sold due to the owners retirement.
Description - This is an excellent opportunity to purchase a well-managed investment property that has been continuously rented for 25 years.
The property consists of four apartments currently let out on AST's until the end of May 2026, generating a gross income of £38,160 per year, resulting in a gross yield of 10.6%.
The property features accommodation spread over three floors: the ground floor consists of a one bedroom flat with a living room/kitchen and bathroom.
A studio apartment with living room/bedroom, a kitchen and bathroom. The first floor has a one bedroom flat with kitchen, living room and bathroom.
The second floor contains a further one bedroom flat, with a living room kitchen and bathroom. There is also three off street parking spaces to the rear accessed from Fairfax Road.
Location - The property is conveniently and centrally located near the city centre of Colchester, where you can find a variety of shops, restaurants, and numerous amenities.
It is also close to the City centre railway station with links to Colchester North station, which provides a fast and frequent service to Chelmsford (17 minutes) and London, taking approximately 47 minutes.
The University is also easily accessible via the bus (from the city centre bus station in Osborne Street to the University, taking about 22 minutes) alternatively the Colchester Institute on Sheepen Road is in easy reach.
Flat 1 - Kitchen/Living Room - 4.70m x 3.23m (15'5 x 10'7) - Window to front. Bedroom - 3.40m x 2.77m (11'2 x 9'1) - Window to side.
Bathroom - Panelled bath, wash basin and wc Flat 2 - Kitchen - 2.46m x 2.08m (8'1 x 6'10) - Window to side Living/Bedroom - 4.65m x 2.62m (15'3 x 8'7) - Window to front Bathroom - 2.41m x 2.64m (7'11 x 8'8) - Window to side, panelled bath, wash basin and wc.
Flat 3 - Hall - Doors to bedroom and living room Living Room - 3.45m x 3.28m (11'4 x 10'9) - Window to front.
Kitchen - 2.59m x 1.93m (8'6 x 6'4) - Window to side Bathroom - Window to side, panelled bath, wash basin and wc Bedroom - 4.62m x 3.40m (15'2 x 11'2) - Window to side Flat 4 - Hall - Doors to Lounge, bedroom and bathroom.
Living Room - 3.45m x 3.15m (11'4 x 10'4) - Window to front.
Bedroom - 4.11m x 3.56m (13'6 x 11'8) - Window to side Kitchen - 3.43m x 2.21m (11'3 x 7'3) - Window to side Bathroom - Window to side, panelled bath, wash basin and wc.
Outside And Gardens - To the rear of the property there is a small storage area with three parking bays accessed from Fairfax Road.
Agents Note - Services: Mains water, electricity, gas and drainage are connected to the property. Each flat has its own gas boiler providing central heating.
Tenure: Freehold Local Authority: Colchester City Council Council Tax: Flat 1 A, Flat 2 A, Flat 3 A. Flat 4 A EPC: Flat 1, Band C, Flat 2, Band D, Flat 3, Band C, Flat 4, Band C.
Available to purchase as a furnished tenanted property.
Value & comps
No previous sales on record.
Returns
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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 Mersea Road, Colchester
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