2 Bed Flat, Single Let, Colchester, CO1 2TG, £150,000

East Street, Colchester, CO1 2TG - 5 views - a year ago

Leasehold
BTL
ROI: 8%
~68 m²
+2 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£775 - £2,850

Rent Estimate

£950

Running Costs/mo

£679

Cashflow/mo

£271

Cashflow/yr

£3,255

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £90K to £268K, average is £162.8K. £1.6K/m² to £3.9K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£197.5K02/230.13 mi32, Rouse Way, Colchester, Essex CO1 2TT2
£250K07/230.13 mi25, Rouse Way, Colchester, Essex CO1 2TT2
£175K06/210.13 mi24, Rouse Way, Colchester, Essex CO1 2TT2
£200K03/210.13 mi26, Rouse Way, Colchester, Essex CO1 2TT2
£185K02/230.13 mi17, Rouse Way, Colchester, Essex CO1 2TT2
£240K10/220.13 mi22, Grosvenor Place, Colchester, Essex CO1 2ZD2
£217.5K04/210.15 mi49, Grosvenor Place, Colchester, Essex CO1 2ZD2
£170K03/210.15 mi14, Grosvenor Place, Colchester, Essex CO1 2ZD2
£197.5K03/230.15 mi29, Grosvenor Place, Colchester, Essex CO1 2ZD2
£143K12/200.15 mi106, St Andrews Gardens, Colchester, Essex CO4 3EH2
£245K05/210.16 miFlat 25, The Mill Apartments, East Street, Colchester, Essex CO1 2QT2
£167K11/220.33 mi30, Ratcliffe Court, Colchester, Essex CO4 0AZ2
£162K05/210.35 mi12, Saw Mill Road, Colchester, Essex CO1 2ZQ2
£190K09/220.38 mi4, York Place, Colchester, Essex CO1 2RF2
£165K06/230.39 mi18, Haddon Park, Colchester, Essex CO1 2GX2
£182K07/230.39 mi4, Tarrett Drive, Colchester, Essex CO1 2NJ2
£120K01/210.39 mi18, Haddon Park, Colchester, Essex CO1 2GX2
£140K03/210.4 mi155, Hythe Hill, Colchester, Essex CO1 2NG2
£140K03/210.4 mi155, Hythe Hill, Colchester, Essex CO1 2NG2
£165K05/210.4 mi156, Hythe Hill, Colchester, Essex CO1 2NG2
£145K02/210.41 mi15, St Augustine Mews, Colchester, Essex CO1 2PF2
£268K10/210.41 mi25, Hythe Hill, Colchester, Essex CO1 2NB2
£150K01/210.43 mi141, George Williams Way, Colchester, Essex CO1 2JR2
£176K07/230.43 mi139, George Williams Way, Colchester, Essex CO1 2JR2
£171K12/220.43 mi191, George Williams Way, Colchester, Essex CO1 2JR2
£155K03/210.43 mi154, Ipswich Road, Colchester, Essex CO4 0AF2
£140K12/200.44 mi140a, Ipswich Road, Colchester, Essex CO4 0AF2
£158.5K01/210.45 mi13, King Cole Place, Colchester, Essex CO4 0BA2
£161K08/210.46 mi78, George Williams Way, Colchester, Essex CO1 2JZ2
£146.5K01/210.46 mi42, George Williams Way, Colchester, Essex CO1 2JZ2
£150K06/210.46 mi24, George Williams Way, Colchester, Essex CO1 2JZ2
£148K06/230.48 mi7, Alyssum Walk, Colchester, Essex CO4 3RW2
£150K11/200.48 mi5, George Williams Way, Colchester, Essex CO1 2JP2
£159K05/210.48 mi81, George Williams Way, Colchester, Essex CO1 2JP2
£137K06/230.49 mi12a, Rayleigh Close, Colchester, Essex CO4 0AT2
£180K08/230.49 mi14, Rayleigh Close, Colchester, Essex CO4 0AT2
£145K12/200.49 mi7a, Rayleigh Close, Colchester, Essex CO4 0AT2
£160K09/220.5 mi45, George Williams Way, Colchester, Essex CO1 2JP2
£150K03/210.52 mi101, Nicholsons Grove, Colchester, Essex CO1 2XT2
£110K07/210.54 mi10, Suffolk Close, Colchester, Essex CO4 0AY2
£102.5K07/230.54 mi26, Suffolk Close, Colchester, Essex CO4 0AY2
£90K05/210.55 mi5, The Dell, Colchester, Essex CO1 2YH2
£163.5K10/200.57 mi9, Cooper Walk, Colchester, Essex CO4 3RU2
£165K06/210.58 miFlat 5, Ravenswood, New Town Road, Colchester, Essex CO1 2EG2
£165K05/230.59 mi20, Dewberry Close, Colchester, Essex CO4 3RT2
£175K09/210.67 mi6, Lime Avenue, Colchester, Essex CO4 3NN2
£180K02/210.7 mi37 Sail House, Ship Wharf, Colchester, Essex CO2 8YP2
£205K05/230.7 mi65 Sail House, Ship Wharf, Colchester, Essex CO2 8YP2
£147K03/210.7 mi71 Sail House, Ship Wharf, Colchester, Essex CO2 8YP2
£157.5K11/200.7 mi3, Meachen Road, Colchester, Essex CO2 8JD2

Local Rents

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

RentDateDistanceAddressBeds 
£82510/230 miEast Street, Colchester, Essex, CO12
£1,00003/240.05 miThe Coach House, East Street, CO12
£1,00003/240.06 miIpswich Road, Colchester, Essex, CO12
£85003/240.06 miOld Coach House, Old Coach Road, Colchester2
£1,10005/240.07 miIpswich Road, COLCHESTER2
£1,00003/240.1 miEast Street, Colchester2
£95003/240.12 miGrays Cottages, Colchester2
£95003/240.12 miGrays Cottages, Colchester2
£1,15003/240.13 miRouse Way, Colchester, Essex, CO12
£1,00003/240.15 miEast Street, Colchester2
£1,15003/240.15 miGrosvenor Place, Colchester2
£1,15004/240.15 miGrosvenor Place, Colchester2
£1,20012/240.15 miSt Andrews Gardens, Colchester2
£95012/240.15 miSt. Andrews Court, Colchester2
£1,35003/240.16 miThe Mill Apartments, East Street, Colchester, Essex, CO12
£1,35005/240.16 miThe Mill Apartments, East Street, Colchester, Essex, CO12
£1,25005/240.24 mi-2
£1,25005/240.24 miGreenstead Road, Colchester, CO12
£96004/240.26 miBrook Street, Colchester, CO12
£96004/240.26 mi-2
£1,05004/250.26 mi-2
£1,00005/240.26 miBrook Street, COLCHESTER2
£90003/240.26 miBrook Street,Colchester2
£1,10004/240.27 mi-2
£1,10003/240.28 miEast Hill, Colchester Town2
£98501/250.33 mi-2
£2,85003/240.33 mi-2
£1,20002/250.34 mi-2
£1,15004/240.34 miOld Rectory Drive, Brook Street, Colchester, CO12
£1,10003/240.35 miSaw Mill Road, Colchester, Essex, CO12
£1,25005/240.36 miSmythies Avenue, Colchester, CO12
£95003/240.37 miEast Hill, Colchester, CO12
£95004/240.37 miEast Hill, Colchester, CO12
£1,10003/240.38 miEdward Paxman Gardens, Colchester2
£1,50004/240.38 miTarrett Drive, Colchester2
£1,15004/240.39 miHaddon Park, COLCHESTER2
£1,15004/240.39 miHaddon Park, Colchester2
£1,00005/240.39 miConnaught Close, Colchester, Essex, CO12
£97503/240.4 miConnaught Close, Colchester2
£1,25004/250.4 mi-2
£1,17501/240.4 mi-2
£1,17502/250.4 mi-2
£1,05005/240.4 miBarrack Street, Colchester2
£1,04503/240.4 miSimons Lane, Colchester2
£1,10003/240.4 miConnaught Close, Colchester, Essex CO12
£1,10004/250.4 mi-2
£77501/240.4 mi-2
£1,10003/240.41 miBarrack Street, Colchester2
£1,00005/240.41 miBarrack Street, Colchester2
£2,00203/240.41 mi-2

Property History

Listed for £150,000

May 11, 2024

Floor Plans

Description

  • Stylish top floor apartment +
  • Two good size bedrooms +
  • Open plan living room kitchen +
  • Modern bathroo suite +
  • Short distance to city centre +
  • Investment opportunity +
  • Well presented throughout +
  • Secure gated allocated parking +

A good size and well presented two bedroom top floor apartment in this modern block, a short distance to the University of Essex and city centre.

A communal stair flight leads to the entrance door which leads to an entrance lobby, a door leads to the bathroom comprises of a shaped bath, W.C, vanity sink, extractor fan and heated towel rail. A further in door leads to an inner hallway which gives access to both good size bedrooms with panel heaters and windows to the side and a further door from the inner hall leads to the open plan living room/kitchen with the kitchen area being fitted with a range of units and worksurfaces, built in four ring ceramic hob, electric oven with extractor fan over, integrated fridge freezer and washing machine, sink with mixer taps, two double glazed windows to the side and there is also plumbing for a dishwasher.

Outside
The property benefits from gated allocated parking space with further visitor parking space available.

Location

The property is situated a short distance to Colchester city centre and local shopping facilities at Waitrose and Lidl stores. The ciy centre offers a varied range of shopping facilities, bars and restaurants. The University of Essex is also within reach as is Hythe railway station which offers links to London Liverpool Street.

Directions

Please use the postcode CO1 2TG for SatNav.

Important Information

Council Tax Band - B
Services - We understand that mains water, drainage, gas and electricity are connected to the property.
Tenure - Leasehold
Lease details - Subject to confirmation from the management company.
EPC rating - D
Our ref - TOL240129/PRC

Agents note
Any intending viewers or purchasers are advised of the following: An EWS1 form ( External Wall Survey) may be recommended for certain apartment buildings dependant on issues such as the height of the structure. the positioning of balconies and composition of any external cladding. Fenn Wright have not undertaken any such assessment in respect of this particular property and this note has been added to all flats being offered for sale throughout our business as appropriate general guidance .We recommend that potential purchasers seek advice from their solicitor and an independent Chartered Surveyor before committing to a purchase.

Agent Details

Fenn Wright, Colchester

01206 586120

Next Steps?

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