2 Bed Flat, Single Let, Colchester, CO2 8JT, £140,000

Hardie's Point, Colchester, CO2 8JT - a year ago

Sold STC
Leasehold
BTL
ROI: 12%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£120K - £268K
Sold Prices/m²£1.6K/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£175,000
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,200

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£1,000 - £1,395

Rent Estimate

£1,125

Running Costs/mo

£683

Cashflow/mo

£443

Cashflow/yr

£5,310

ROI

12%

Gross Yield

10%

Local Sold Prices

50 sold prices from £120K to £268K, average is £161.5K. £1.6K/m² to £3.5K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£170K06/230.08 mi343, Quayside Drive, Colchester, Essex CO2 8GT2
£176.5K06/230.11 mi3, Caelum Drive, Colchester, Essex CO2 8FN2
£185K12/220.12 mi6, Caelum Drive, Colchester, Essex CO2 8FP2
£180K02/210.15 mi37 Sail House, Ship Wharf, Colchester, Essex CO2 8YP2
£205K05/230.15 mi65 Sail House, Ship Wharf, Colchester, Essex CO2 8YP2
£147K03/210.15 mi71 Sail House, Ship Wharf, Colchester, Essex CO2 8YP2
£157.5K11/200.22 mi3, Meachen Road, Colchester, Essex CO2 8JD2
£130K04/230.22 mi45, Meachen Road, Colchester, Essex CO2 8JD2
£173K12/200.25 mi9, Meachen Road, Colchester, Essex CO2 8JD2
£182K01/230.25 mi114, Albany Gardens, Colchester, Essex CO2 8HU2
£177K07/230.3 mi161, Albany Gardens, Colchester, Essex CO2 8HQ2
£202.5K01/210.31 mi9, Waterside Lane, Colchester, Essex CO2 8HW2
£178K03/230.31 mi13, Waterside Lane, Colchester, Essex CO2 8HW2
£162K06/230.37 miFlat 9, Parkland Court, Recreation Road, Colchester, Essex CO1 2LB2
£145K01/210.37 miFlat 15, Parkland Court, Recreation Road, Colchester, Essex CO1 2LB2
£145K03/210.37 miFlat 8, Parkland Court, Recreation Road, Colchester, Essex CO1 2LB2
£120K01/210.44 mi18, Haddon Park, Colchester, Essex CO1 2GX2
£165K06/230.44 mi18, Haddon Park, Colchester, Essex CO1 2GX2
£182K07/230.51 mi4, Tarrett Drive, Colchester, Essex CO1 2NJ2
£140K03/210.52 mi155, Hythe Hill, Colchester, Essex CO1 2NG2
£140K03/210.52 mi155, Hythe Hill, Colchester, Essex CO1 2NG2
£165K05/210.52 mi156, Hythe Hill, Colchester, Essex CO1 2NG2
£268K10/210.54 mi25, Hythe Hill, Colchester, Essex CO1 2NB2
£165K05/230.7 mi20, Dewberry Close, Colchester, Essex CO4 3RT2
£194K10/200.71 mi7, Sadler Close, Colchester, Essex CO2 7LU2
£175K06/210.71 mi13, Sadler Close, Colchester, Essex CO2 7LU2
£170K07/210.71 mi2, Sadler Close, Colchester, Essex CO2 7LU2
£242K06/210.72 mi132, Magnolia Drive, Colchester, Essex CO4 3LX2
£148K06/230.73 mi7, Alyssum Walk, Colchester, Essex CO4 3RW2
£162K05/210.77 mi12, Saw Mill Road, Colchester, Essex CO1 2ZQ2
£140K09/210.79 mi32, Ferdinand Walk, Colchester, Essex CO4 3TT2
£142K11/200.79 mi16, Dorchester End, Colchester, Essex CO2 8AR2
£130K12/200.8 mi28, Dorchester End, Colchester, Essex CO2 8AR2
£165K06/210.83 miFlat 5, Ravenswood, New Town Road, Colchester, Essex CO1 2EG2
£163.5K10/200.83 mi9, Cooper Walk, Colchester, Essex CO4 3RU2
£140K08/230.83 mi12, Flanders Field, Colchester, Essex CO2 8BX2
£125K06/230.83 mi36, Flanders Field, Colchester, Essex CO2 8BX2
£150K03/210.85 mi45, Viceroy Close, Colchester, Essex CO2 8BQ2
£150.5K12/220.85 mi43, Viceroy Close, Colchester, Essex CO2 8BQ2
£150K02/230.85 mi18, Siena Mews, Colchester, Essex CO2 8YB2
£158.5K01/210.86 mi6, Siena Mews, Colchester, Essex CO2 8YB2
£155K02/210.86 mi30, Steed Crescent, Colchester, Essex CO2 7SJ2
£146K01/210.88 miFlat 11, Dedham Court, Stalin Road, Colchester, Essex CO2 8SN2
£150K01/210.89 mi141, George Williams Way, Colchester, Essex CO1 2JR2
£176K07/230.89 mi139, George Williams Way, Colchester, Essex CO1 2JR2
£171K12/220.89 mi191, George Williams Way, Colchester, Essex CO1 2JR2
£161K08/210.9 mi78, George Williams Way, Colchester, Essex CO1 2JZ2
£146.5K01/210.9 mi42, George Williams Way, Colchester, Essex CO1 2JZ2
£150K06/210.9 mi24, George Williams Way, Colchester, Essex CO1 2JZ2
£143K12/200.91 mi106, St Andrews Gardens, Colchester, Essex CO4 3EH2

Local Rents

50 rents from £1K/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,15012/240 miHardies Point2
£1,20012/240 miHardie's Point, Colchester, Essex, CO22
£1,20012/240.01 miSpiritus House, Hawkins Road, Colchester2
£1,25012/240.01 miHardies Point, Hawkins Road, Colchester2
£1,30012/240.07 miQuayside Drive, Colchester, Essex2
£1,00001/250.07 mi-2
£1,15012/240.08 miQuayside Drive, Colchester, Essex, CO22
£1,09512/240.08 miCapstan Place, Colchester2
£1,20012/240.08 miQuayside Drive, Colchester, Essex, CO22
£1,20012/240.08 miQuayside Drive, Colchester, Essex, CO22
£1,17512/240.08 miQuayside Drive, Colchester, Essex, CO22
£1,10012/240.08 miQuayside Drive, Colchester2
£1,15012/240.08 miQuayside Drive, Hythe2
£1,20012/240.09 miQuayside Drive, Colchester2
£1,19512/240.1 miCaelum Drive, Hythe, Colchester2
£1,17512/240.11 miCaelum Drive, Colchester, Essex, CO22
£1,20012/240.11 miCaelum Drive, Colchester, Essex, CO22
£1,20012/240.11 miCaelum Drive, Colchester, Essex, CO22
£1,12512/240.11 miCaelum Drive, Colchester, Essex, CO22
£1,30012/240.11 miCaelum Drive, Colchester, Essex, CO22
£1,20012/240.11 miCaelum Drive, Colchester, Essex, CO22
£1,20012/240.11 miCaelum Drive, Colchester2
£1,20012/240.11 miCaelum Drive, Colchester2
£1,20012/240.11 miCaelum Drive, Colchester2
£1,12512/240.11 miCaelum Drive, Colchester, Essex, CO22
£1,20001/250.11 mi-2
£1,05012/240.11 mi-2
£1,10002/250.11 mi-2
£1,20012/240.12 miCaelum Drive, Colchester, Essex, CO22
£1,10002/250.12 mi-2
£1,20012/240.12 miMaponite Buildings, Hawkins Road, Colchester, Essex, CO22
£1,20012/240.12 miQuayside Drive, Colchester2
£1,20012/240.12 miQuayside Drive, COLCHESTER2
£1,25012/240.12 miPier Wharf, Colchester2
£1,20012/240.14 miShip Wharf, Colchester, Essex, CO22
£1,25012/240.14 miCaelum, Colchester, Essex, CO22
£1,20012/240.14 miShip Wharf, Colchester, Essex, CO22
£1,25012/240.14 miKeel Point, Colchester2
£1,25012/240.14 miKeel Point, Hawkins Road2
£1,30012/240.14 miKeel Point, Hawkins Road2
£1,25012/240.14 miKeel Point, Ship Wharf2
£1,25012/240.14 miCaelum Drive, Colchester, Essex, CO22
£1,39512/240.14 miKeel Point, Ship Wharf, Hythe2
£1,17512/240.15 mi-2
£1,15012/240.15 miShip Wharf, Colchester, Essex, CO22
£1,30012/240.15 miSail House , Colchester2
£1,25012/240.15 miSail House, Colchester2
£1,25012/240.15 miSail House, Colchester2
£1,30012/240.15 miShip Wharf, Hawkins Road, Hythe2
£1,17512/240.15 miShip Wharf, Colchester, Essex, CO22

Local Area Statistics

Population in CO2

33,440

Population in Colchester

214,734

Town centre distance

1.92 miles away

Nearest school

0.40 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+63%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Price changed to £140,000

December 26, 2024

Listed for £150,000

December 26, 2023

Description

* EXCELLENT INVESTMENT OR FIRST TIME PURCHASE OPPORTUNITY *

A two bedroom third floor apartment located within close proximity to Hythe station and Essex university with the city centre only being a short distance away offering a varied range of shopping facilities, bars and restaurants.

Agent Details

Abbotts, Colchester

01206 586064

Next Steps?

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