2 Bed Terraced House, Single Let, Colchester, CO1 2ZD, £199,000

4 Grosvenor Place, Colchester, Essex, CO1 2ZD. - 4 views - a year ago

Leasehold
BTL
ROI: 2%
58 m²
+12 photos

ValuationFair Value

Sold Prices£131K - £365K
Sold Prices/m²£2.1K/m² - £4.6K/m²

 

 

Square Metres

58 m²
Price/m²£3.4K/m²

Value Estimate

£195,481

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£49,750

Stamp Duty & Legal Fees

£7,170

Total Cash In

£56,920

 

 

Cash Out

 

Rent Range

£775 - £2,850

Rent Estimate

£894

Running Costs/mo

£821

Cashflow/mo

£73

Cashflow/yr

£880

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £131K to £365K, average is £218.5K. £2.1K/m² to £4.6K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£342K08/220.09 mi17a, East Street, Colchester, Essex CO1 2TR2
£230K07/230.1 mi68, Ipswich Road, Colchester, Essex CO1 2YE2
£207.5K03/230.11 mi27, Ipswich Road, Colchester, Essex CO1 2YG2
£143K07/230.13 mi4, East Bay, Colchester, Essex CO1 2UG2
£150K02/230.17 mi35, Brook Street, Colchester, Essex CO1 2UT2
£150K03/210.17 mi22, Brook Street, Colchester, Essex CO1 2UT2
£145K01/210.17 mi26, Brook Street, Colchester, Essex CO1 2UT2
£212.5K07/210.21 mi28, Harwich Road, Colchester, Essex CO4 3BN2
£190K03/210.23 mi37, East Hill, Colchester, Essex CO1 2QX2
£260K10/220.25 mi22, Greenstead Road, Colchester, Essex CO1 2TA2
£250K01/230.25 mi42, Harwich Road, Colchester, Essex CO4 3BW2
£230K01/230.26 mi52, Harwich Road, Colchester, Essex CO4 3BW2
£253K02/230.26 mi36, Harwich Road, Colchester, Essex CO4 3BW2
£264K04/230.29 mi63, Ipswich Road, Colchester, Essex CO4 0EQ2
£220K03/210.3 mi42, St Augustine Mews, Colchester, Essex CO1 2PF2
£239K12/200.3 mi47, St Andrews Gardens, Colchester, Essex CO4 3EQ2
£252K11/220.33 mi85, Greenstead Road, Colchester, Essex CO1 2SY2
£205K03/210.33 mi46a, Greenstead Road, Colchester, Essex CO1 2TB2
£173K05/210.33 mi42, Greenstead Road, Colchester, Essex CO1 2TB2
£170K03/210.33 mi40, Greenstead Road, Colchester, Essex CO1 2TB2
£225K02/230.37 mi11, Simons Lane, Colchester, Essex CO1 2LH2
£365K01/210.37 mi36, Roman Road, Colchester, Essex CO1 1UP2
£265K02/220.38 mi318, Cowdray Avenue, Colchester, Essex CO1 1YA2
£217K06/230.38 mi52, Greenstead Road, Colchester, Essex CO1 2SU2
£240K03/220.39 mi17, Castle Road, Colchester, Essex CO1 1UW2
£245K02/230.4 mi104, Morant Road, Colchester, Essex CO1 2JD2
£240K06/210.41 mi63, Castle Road, Colchester, Essex CO1 1UN2
£195K02/210.42 mi185, Greenstead Road, Colchester, Essex CO1 2SP2
£210K07/230.42 mi120, Magdalen Street, Colchester, Essex CO1 2LF2
£155K07/210.42 mi125, Magdalen Street, Colchester, Essex CO1 2LF2
£131K04/230.42 mi115, Magdalen Street, Colchester, Essex CO1 2LF2
£294K12/210.42 mi19, Wakefield Close, Colchester, Essex CO1 2SD2
£147K12/200.42 mi104, Magdalen Street, Colchester, Essex CO1 2LA2
£335K11/210.42 mi15, Wakefield Close, Colchester, Essex CO1 2SD2
£199K11/210.44 mi10, Wimpole Road, Colchester, Essex CO1 2BX2
£240K04/230.46 mi3, Cannon Street, Colchester, Essex CO1 2DU2
£190K08/210.47 mi61, Kendall Road, Colchester, Essex CO1 2BU2
£210K02/210.47 mi174, Harwich Road, Colchester, Essex CO4 3DD2
£235K11/200.47 mi165, Harwich Road, Colchester, Essex CO4 3DB2
£195K03/210.47 mi17, St Julian Grove, Colchester, Essex CO1 2PZ2
£302.5K11/210.48 mi17, Hythe Hill, Colchester, Essex CO1 2NB2
£161K04/210.48 mi12, Connaught Close, Colchester, Essex CO1 2GJ2
£273K12/220.48 mi33, Kendall Road, Colchester, Essex CO1 2BS2
£223.5K01/210.49 mi9, Timber Hill, Colchester, Essex CO1 2PW2
£181K05/210.49 mi20, Artillery Street, Colchester, Essex CO1 2JL2
£180K07/210.5 mi61, Victor Road, Colchester, Essex CO1 2LX2
£198K03/230.51 mi54, Kendall Road, Colchester, Essex CO1 2BN2
£182.5K07/210.51 mi48, Kendall Road, Colchester, Essex CO1 2BN2
£250K02/230.51 mi8, Dinsdale Close, Colchester, Essex CO4 3AU2
£238K05/210.51 mi102, Haddon Park, Colchester, Essex CO1 2GX2

Local Rents

50 rents from £775/mo to £2.9K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,15003/240.01 miGrosvenor Place, Colchester2
£1,15004/240.01 miGrosvenor Place, Colchester2
£1,35003/240.04 miThe Mill Apartments, East Street, Colchester, Essex, CO12
£1,35005/240.04 miThe Mill Apartments, East Street, Colchester, Essex, CO12
£1,00003/240.07 miEast Street, Colchester2
£1,00003/240.07 miEast Street, Colchester2
£1,15003/240.08 miRouse Way, Colchester, Essex, CO12
£95003/240.09 miGrays Cottages, Colchester2
£95003/240.09 miGrays Cottages, Colchester2
£1,10005/240.1 miIpswich Road, COLCHESTER2
£1,00003/240.1 miIpswich Road, Colchester, Essex, CO12
£85003/240.12 miOld Coach House, Old Coach Road, Colchester2
£82510/230.14 miEast Street, Colchester, Essex, CO12
£1,00003/240.15 miThe Coach House, East Street, CO12
£1,10003/240.16 miEast Hill, Colchester Town2
£1,00005/240.17 miBrook Street, COLCHESTER2
£96004/240.17 miBrook Street, Colchester, CO12
£96004/240.17 mi-2
£1,05004/250.17 mi-2
£1,10004/240.2 mi-2
£1,20002/250.2 mi-2
£1,20012/240.23 miSt Andrews Gardens, Colchester2
£95012/240.23 miSt. Andrews Court, Colchester2
£95003/240.24 miEast Hill, Colchester, CO12
£95004/240.24 miEast Hill, Colchester, CO12
£90003/240.25 miBrook Street,Colchester2
£1,25005/240.25 miSmythies Avenue, Colchester, CO12
£1,10005/240.29 miGrantham Court, Colchester2
£98501/250.3 mi-2
£2,85003/240.3 mi-2
£1,15004/240.31 miOld Rectory Drive, Brook Street, Colchester, CO12
£1,10003/240.34 miSaw Mill Road, Colchester, Essex, CO12
£1,04503/240.37 miSimons Lane, Colchester2
£1,05003/240.37 miGeorge Williams Way,Colchester,CO12
£1,00003/250.38 mi-2
£1,05001/250.38 mi-2
£1,25005/240.38 mi-2
£1,25005/240.38 miGreenstead Road, Colchester, CO12
£1,15003/240.39 miCastle Road, Colchester, Essex, CO12
£95004/240.41 miMagdalen Street, Colchester, Essex2
£1,00003/240.41 miGeorge Williams Way, Colchester2
£1,00004/240.41 miGeorge Williams Way, Colchester2
£1,20004/240.41 miCentral Colchester2
£1,10003/240.41 miGeorge Williams Way, Town Centre2
£1,20003/250.41 mi-2
£1,10004/250.41 mi-2
£1,30004/250.42 mi-2
£1,10003/240.42 miGeorge Williams Way, Colchester, Essex, CO12
£77501/240.42 mi-2
£1,00005/240.43 miBarrack Street, Colchester2

Local Area Statistics

Population in CO1

15,333

Population in Colchester

214,734

Town centre distance

1.21 miles away

Nearest school

0.10 miles away

Nearest train station

0.56 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £199,000

November 8, 2024

Listed for £210,000

May 7, 2024

Floor Plans

Description

  • Walking Distance To Colchester's Historic City Centre & Train Station +
  • Impressive Entrance Hall With Inset Storage +
  • Two Double Bedrooms +
  • Open-Plan Living Accommodation +
  • River Views & Allocated Parking +
  • Prime City Centre Location & Close To An Array Of Amenities +
  • Presented To Market In Excellent Order +
  • Private Outside Terrace +

The most impressive of two bedroom apartments, situated in the heart of Colchester's vibrant and historic city centre and complete with high specification finishes and presented to market with no onward chain in excellent condition. Offering an abundance of both reception and bedroom space throughout, as well as boasting open-plan modern day living and the added luxury of your own private terrace. Within striking distance of an array of useful independent shops, boutiques, restaurants and bars, it offers any prospective purchaser the best of city centre living, whilst being positioned in a peaceful and secure residential setting. Internally, accommodation is accessible by secure telephone entry system then leading into the main hallway, offering storage throughout, then leading into the main bedroom with an en suite. Leading on from the hallway you are then greeted into bedroom two, family bathroom and fully open plan kitchen/living area with direct access into the outside terrace area secured by an iron railing. Externally the apartment is complete with allocated parking with a private and secure gated car park. This apartment block is further enhanced by a heated swimming pool, strictly for the use of it's residents and proves to be a real added luxury. Scenic river walks are also on offer near by. As agents, we encourage early enquiries to prevent inevitable disappointment.

Agent Details

Michaels Property Consultants Ltd, Colchester

01206 586143

Next Steps?

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