2 Bed Flat, Single Let, Colchester, CO1 1BQ, £140,000

St. Peters Street, Colchester, Essex, CO1 1BQ - 1 views - a year ago

Sold STC
Leasehold
BTL
ROI: 8%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£90K - £307K
Sold Prices/m²£1.5K/m² - £3.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£168,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£850 - £2,200

Rent Estimate

£900

Running Costs/mo

£638

Cashflow/mo

£263

Cashflow/yr

£3,150

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £90K to £307K, average is £172.8K. £1.5K/m² to £3.9K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£150K03/210 miFlat 25, Stuart House, St Peters Street, Colchester, Essex CO1 1BQ2
£156.5K06/230 miFlat 30, Stuart House, St Peters Street, Colchester, Essex CO1 1BQ2
£145K09/210.04 miFlat 19, Charles House, St Peters Street, Colchester, Essex CO1 1BY2
£162K10/210.04 miFlat 18, Charles House, St Peters Street, Colchester, Essex CO1 1BY2
£255K09/210.06 mi16, Parkside Quarter, Colchester, Essex CO1 1EA2
£150K11/220.12 mi30, Nunns Road, Colchester, Essex CO1 1EJ2
£172.5K11/220.19 miFlat 10, The Nexus, Victoria Chase, Colchester, Essex CO1 1WJ2
£180K03/230.22 mi73, Victoria Chase, Colchester, Essex CO1 1WB2
£175K04/230.22 mi113, Victoria Chase, Colchester, Essex CO1 1WB2
£185K09/220.23 mi86, Victoria Chase, Colchester, Essex CO1 1WN2
£160K04/210.28 mi156, Victoria Chase, Colchester, Essex CO1 1WW2
£152.5K04/210.28 mi138, Victoria Chase, Colchester, Essex CO1 1WW2
£190K01/230.28 mi102, Sheepen Place, Colchester, Essex CO3 3LT2
£307K12/220.32 mi61, Henry Laver Court, Colchester, Essex CO3 3DY2
£215K11/220.32 mi112, Rotary Way, Colchester, Essex CO3 3LG2
£171K11/220.33 mi143, Rotary Way, Colchester, Essex CO3 3LJ2
£175K08/210.33 mi148, Rotary Way, Colchester, Essex CO3 3LG2
£232.5K07/230.34 mi59, Rotary Way, Colchester, Essex CO3 3LJ2
£173K10/220.34 mi80, Rotary Way, Colchester, Essex CO3 3LG2
£160K04/210.34 mi27, Rotary Way, Colchester, Essex CO3 3LJ2
£190K03/230.34 miFlat 3, Salter Court, St Marys Fields, Colchester, Essex CO3 3FF2
£203K11/210.36 mi87, Henry Laver Court, Colchester, Essex CO3 3DY2
£163K12/200.37 mi6, Rowan Place, Colchester, Essex CO1 1AJ2
£158K04/210.4 mi44, Clarendon Way, Colchester, Essex CO1 1AG2
£177K09/210.4 mi74, Clarendon Way, Colchester, Essex CO1 1AG2
£191.5K04/210.4 mi72, Clarendon Way, Colchester, Essex CO1 1AG2
£220K12/220.4 mi34, Clarendon Way, Colchester, Essex CO1 1AG2
£197.5K02/210.4 mi12, Clarendon Way, Colchester, Essex CO1 1AG2
£165K03/210.4 mi42, Clarendon Way, Colchester, Essex CO1 1AG2
£210K06/230.4 mi24, Clarendon Way, Colchester, Essex CO1 1AG2
£150K12/200.48 mi29, Claremont Heights, Colchester, Essex CO1 1ZU2
£143K12/200.48 mi48, Claremont Heights, Colchester, Essex CO1 1ZU2
£190K09/220.49 mi4, York Place, Colchester, Essex CO1 2RF2
£160K12/220.51 mi134, Claremont Heights, Colchester, Essex CO1 1ZY2
£90K05/210.54 mi5, The Dell, Colchester, Essex CO1 2YH2
£145K02/210.54 mi15, St Augustine Mews, Colchester, Essex CO1 2PF2
£150K03/210.57 mi101, Nicholsons Grove, Colchester, Essex CO1 2XT2
£138K06/210.58 mi1a, Alexandra Road, Colchester, Essex CO3 3DB2
£195K03/210.62 miFlat 1, Cumberland Court, Oaks Drive, Colchester, Essex CO3 3PR2
£150K11/200.66 mi5, George Williams Way, Colchester, Essex CO1 2JP2
£159K05/210.66 mi81, George Williams Way, Colchester, Essex CO1 2JP2
£160K09/220.67 mi45, George Williams Way, Colchester, Essex CO1 2JP2
£165K06/230.67 mi36, Groves Close, Colchester, Essex CO4 5BP2
£180K10/220.67 mi17, Groves Close, Colchester, Essex CO4 5BP2
£180K06/230.67 mi31, Groves Close, Colchester, Essex CO4 5BP2
£179K11/220.67 mi23, Groves Close, Colchester, Essex CO4 5BP2
£245K05/210.71 miFlat 25, The Mill Apartments, East Street, Colchester, Essex CO1 2QT2
£217.5K04/210.71 mi49, Grosvenor Place, Colchester, Essex CO1 2ZD2
£170K03/210.71 mi14, Grosvenor Place, Colchester, Essex CO1 2ZD2
£197.5K03/230.71 mi29, Grosvenor Place, Colchester, Essex CO1 2ZD2

Local Rents

50 rents from £850/mo to £2.2K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,00005/240.01 miStuart House, St. Peters Street, CO12
£1,00004/240.01 miCity Centre2
£1,15002/240.03 mi-2
£95003/240.04 miSt. Peters Street, Colchester2
£1,10003/240.05 miSt. Peters Street, Colchester2
£90005/240.05 miSt Peter's Street, Colchester, CO12
£90005/240.05 mi-2
£95001/250.05 mi-2
£1,10005/240.05 miColchester2
£91510/230.05 miClaudius Court, St Peters Street, Colchester, Essex2
£91010/230.06 miParkside Quarter, Colchester2
£1,19503/240.07 miNorthgate Street, Colchester2
£1,05004/240.09 miNorthgate Street, Colchester, CO1 1EZ2
£1,00004/240.11 miMiddleborough, COLCHESTER2
£1,20004/240.11 miThe Technique Building, Stockwell Street, Colchester, Essex, CO12
£1,00003/240.11 miKane Mews, Northgate Street, CO12
£1,10003/240.11 miStockwell, Colchester, Essex, CO12
£95004/240.11 miWest Stockwell Street, COLCHESTER2
£92504/240.12 miNunns Road Colchester Essex2
£2,20001/250.12 mi-2
£1,25010/230.13 miCentral Colchester2
£1,25005/240.13 miDutch Quarter2
£1,10005/240.15 miMaidenburgh Street, Colchester, Essex, CO12
£1,09504/240.16 miAlbert Street, Colchester, Essex, CO12
£1,25004/240.16 miWest Stockwell Street, Colchester2
£1,10012/240.16 mi-2
£1,00003/240.18 miNorth Hill, Colchester, Essex, CO12
£1,00003/240.18 miNorth Hill, Colchester, Essex, CO12
£1,00004/240.18 miNorth Hill, Colchester, Essex, CO12
£1,25002/240.19 mi-2
£1,10003/240.2 miAlbert Street, Colchester, Essex, CO12
£92503/240.2 miAlbert Street, Colchester, Essex2
£85003/240.2 miAlbert Street, Colchester, Essex, CO12
£95005/240.2 miAlbert Street, Colchester, Essex2
£1,00002/250.2 mi-2
£92503/240.22 miNorth Station / Town Centre2
£92503/240.22 miNorth Station / Town Centre2
£97503/240.22 miVictoria Chase, North Station, CO12
£97503/240.22 miVictoria Chase, North Station, CO12
£95004/240.22 miVictoria Chase, North Station, CO12
£1,15005/240.24 miAlbert Street, Colchester, Essex, CO12
£97503/240.25 miWalking Distance Of Town And Station2
£1,15004/240.26 miMorten Road, Colchester, Essex, CO12
£1,15004/240.27 miHenry Swan Way, Colchester, Essex, CO12
£1,10004/240.27 miHenry Swan Way, Colchester, Essex, CO12
£1,10003/240.28 miMorten Road, Colchester2
£1,05005/240.28 miMorten road, Colchester, CO12
£1,10003/240.28 miTrinity Street, Colchester, Essex, CO12
£1,05003/240.28 miVictoria Chase, Colchester2
£1,39505/240.29 miCastle Bailey, Colchester, Essex, CO12

Local Area Statistics

Population in CO1

15,333

Population in Colchester

214,734

Town centre distance

0.61 miles away

Nearest school

0.30 miles away

Nearest train station

0.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £140,000

December 1, 2024

Price changed to £150,000

November 8, 2024

Listed for £147,000

February 29, 2024

Floor Plans

Description

  • Spacious and Well Presented Apartment +
  • Top Floor With Lift +
  • Walk to Town Centre and Station +
  • Communal Gym and Conservatory +
  • Scenic Views Over River Colne +
  • No Onward Chain +
  • Viewng A Must +

Saxons are delighted to offer this spacious and well presented top floor apartment which is perfectly located for access to the City Centre and Mainline Railway Station.

Offering far reaching views over the River Colne, City Centre and local countryside, the property is on offer with no onward chain with the additional benefit of a communal gym and conservatory. Viewing is highly recommended.

Entrance Hall
Built in storage cupboard, doors to:

Lounge 13'1 x 12'9
Wall mounted electric heater, double glazed window to side aspect, door to:

Kitchen 9'11 x 7'2
Range of eye level units with matching cupboards and drawers below, fitted work surfaces, integral electric hob and oven, sink with drainer and mixer tap, space and plumbing for appliances, tiled walls, wood laminate flooring.

Bedroom One 12' x 9'11
Wall mounted electric heater, double glazed window to side aspect.

Bedroom Two 12' x 9'9 (maximum)
Wall mounted electric heater, double glazed window to side aspect.

Bathroom
White suite comprises panel bath with shower fitted over, low level WC, wash hand basin, tiled walls,

OUTSIDE & GARDENS
Stuart House offers a large and well equipped gym to all residence as well as pleasant conservatory. The property comes with a secure and undercover parking space.

AGENTS NOTES
We understand that the current lease details do not allow pets at this property.

Agent Details

Saxons Estate Agents, Colchester

01206 586085

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪