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Colchester •••••
£4,200/mo
Why the landlord is looking for a dealHands-Off Management
Landlord is looking for hands-off management and guaranteed rent. He is open to doing a purchase option as well
Total Rent
£0/mo
Average Rent
£0/unit
Planning
Licensing
EPC
EICR
Gas
Fire Risk Assessment
Freeholder / Lender Consent
Planning Use
Block of Flats
Tenancy Status
Vacant
Monthly profit potential
Tune the assumptions below to see what works for you
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Months to recover all-in costs based on monthly profit at 70% occupancy:
(After all-in startup costs, at 70% occupancy)
| Year | Self Managed | Via Management Co |
|---|---|---|
| 1 Year | £-23,700 | £-23,700 |
| 2 Years | £-23,700 | £-23,700 |
| 3 Years | £-23,700 | £-23,700 |
| 4 Years | £-23,700 | £-23,700 |
| 5 Years | £-23,700 | £-23,700 |
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Est. Nightly Rate
£
per night
Comparable Listings
Based on the location and property type, this serviced accommodation is likely to appeal to the following guest types, ranked by suitability:
Contractors
High demand from ongoing major infrastructure projects like the A1331 link road and the new Sustainable Construction Centre at Colchester Institute.
Corporate Guests
Central location in CO1 1NX provides proximity to the city centre office hubs and the new digital business hub on Queen Street.
Students
Strong demand from Colchester Institute's thousands of students and the University of Essex's research and enterprise activities.
Leisure Travellers
Proximity to city centre attractions like Colchester Castle and the regenerated St Nicholas Square drives consistent visitor footfall.
NHS Staff
Ongoing need for accommodation for locum healthcare professionals supporting local medical facilities in the Colchester area.
Relocation Guests
Significant housing growth and regeneration projects in Colchester create a steady stream of families needing temporary housing during moves.
Insurance Guests
General demand for long-term temporary housing for displaced residents in the Colchester district.
Families Visiting Relatives
Central location serves as a convenient base for families visiting relatives in the city, supported by improved local amenities.
Safety Measures
Select your furnishing package:
Using staff estimate: £9,500. Select a package above to update ROI figures.