2 Bed Flat, Single Let, Colchester, CO1 1AG, £160,000

Clarendon Way, Colchester, Essex, CO1 1AG - 1 views - 9 months ago

Leasehold
BTL
ROI: 6%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£143K - £307K
Sold Prices/m²£1.5K/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£196,883
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,900

Total Cash In

£49,900

 

 

Cash Out

 

Rent Range

£825 - £2,708

Rent Estimate

£947

Running Costs/mo

£709

Cashflow/mo

£238

Cashflow/yr

£2,851

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £143K to £307K, average is £177.5K. £1.5K/m² to £3.8K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£158K04/210.01 mi44, Clarendon Way, Colchester, Essex CO1 1AG2
£177K09/210.01 mi74, Clarendon Way, Colchester, Essex CO1 1AG2
£191.5K04/210.01 mi72, Clarendon Way, Colchester, Essex CO1 1AG2
£220K12/220.01 mi34, Clarendon Way, Colchester, Essex CO1 1AG2
£197.5K02/210.01 mi12, Clarendon Way, Colchester, Essex CO1 1AG2
£165K03/210.01 mi42, Clarendon Way, Colchester, Essex CO1 1AG2
£210K06/230.01 mi24, Clarendon Way, Colchester, Essex CO1 1AG2
£163K12/200.04 mi6, Rowan Place, Colchester, Essex CO1 1AJ2
£150K12/200.11 mi29, Claremont Heights, Colchester, Essex CO1 1ZU2
£143K12/200.11 mi48, Claremont Heights, Colchester, Essex CO1 1ZU2
£160K12/220.17 mi134, Claremont Heights, Colchester, Essex CO1 1ZY2
£165K06/230.27 mi36, Groves Close, Colchester, Essex CO4 5BP2
£180K10/220.27 mi17, Groves Close, Colchester, Essex CO4 5BP2
£180K06/230.27 mi31, Groves Close, Colchester, Essex CO4 5BP2
£179K11/220.27 mi23, Groves Close, Colchester, Essex CO4 5BP2
£160K04/210.3 mi156, Victoria Chase, Colchester, Essex CO1 1WW2
£152.5K04/210.3 mi138, Victoria Chase, Colchester, Essex CO1 1WW2
£172.5K11/220.3 miFlat 10, The Nexus, Victoria Chase, Colchester, Essex CO1 1WJ2
£185K09/220.3 mi86, Victoria Chase, Colchester, Essex CO1 1WN2
£215K11/220.31 mi112, Rotary Way, Colchester, Essex CO3 3LG2
£175K08/210.31 mi148, Rotary Way, Colchester, Essex CO3 3LG2
£232.5K07/230.31 mi59, Rotary Way, Colchester, Essex CO3 3LJ2
£173K10/220.31 mi80, Rotary Way, Colchester, Essex CO3 3LG2
£160K04/210.31 mi27, Rotary Way, Colchester, Essex CO3 3LJ2
£171K11/220.32 mi143, Rotary Way, Colchester, Essex CO3 3LJ2
£180K03/230.32 mi73, Victoria Chase, Colchester, Essex CO1 1WB2
£175K04/230.32 mi113, Victoria Chase, Colchester, Essex CO1 1WB2
£185K03/230.35 mi58, Bradford Drive, Colchester, Essex CO4 5ZA2
£190K01/230.38 mi102, Sheepen Place, Colchester, Essex CO3 3LT2
£255K09/210.39 mi16, Parkside Quarter, Colchester, Essex CO1 1EA2
£200K01/210.39 mi187, Turner Road, Colchester, Essex CO4 5XW2
£145K09/210.4 miFlat 19, Charles House, St Peters Street, Colchester, Essex CO1 1BY2
£162K10/210.4 miFlat 18, Charles House, St Peters Street, Colchester, Essex CO1 1BY2
£150K03/210.4 miFlat 25, Stuart House, St Peters Street, Colchester, Essex CO1 1BQ2
£156.5K06/230.4 miFlat 30, Stuart House, St Peters Street, Colchester, Essex CO1 1BQ2
£170K02/210.48 mi8, Wallace Road, Colchester, Essex CO4 5GP2
£164K01/210.49 mi19, Wallace Road, Colchester, Essex CO4 5GP2
£150K11/220.49 mi30, Nunns Road, Colchester, Essex CO1 1EJ2
£307K12/220.57 mi61, Henry Laver Court, Colchester, Essex CO3 3DY2
£180K02/210.58 mi87, Propelair Way, Colchester, Essex CO4 5YT2
£200K07/230.58 mi99, Propelair Way, Colchester, Essex CO4 5YT2
£166K11/200.58 mi125, Propelair Way, Colchester, Essex CO4 5YT2
£200K03/230.58 mi129, Propelair Way, Colchester, Essex CO4 5YT2
£179.5K08/210.58 mi13, Propelair Way, Colchester, Essex CO4 5YS2
£197K12/220.6 mi19, Propelair Way, Colchester, Essex CO4 5YS2
£203K11/210.6 mi87, Henry Laver Court, Colchester, Essex CO3 3DY2
£190K03/230.62 miFlat 3, Salter Court, St Marys Fields, Colchester, Essex CO3 3FF2
£210K12/220.68 mi6, Axial Drive, Colchester, Essex CO4 5RY2
£177.5K11/210.7 mi3, Linnet Mews, Colchester, Essex CO4 5NB2
£177.5K11/210.7 mi3, Linnet Mews, Colchester, Essex CO4 5NB2

Local Rents

50 rents from £825/mo to £2.7K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,05005/240.01 miClarendon Way, CO1, Colchester 2
£1,25002/240.03 mi-2
£1,20001/250.03 mi-2
£1,05003/240.04 miRowan Place, Colchester, Essex2
£95003/240.05 miClarendon Way, Colchester, Essex, CO12
£95003/240.05 miClarendon Way, Colchester, Essex, CO12
£1,20003/240.08 miLeonard Place, Clarendon Way2
£1,20010/230.08 miNorth Colchester2
£1,15001/240.1 mi-2
£1,20004/250.12 mi-2
£99503/240.15 miClaremont Heights, Colchester, CO12
£82504/240.15 miClaremont Heights, Colchester, Essex2
£97503/240.16 miWalking Distance Of Town And Station2
£1,32505/240.16 mi-2
£1,40003/240.16 miColne Bank Avenue, Colchester2
£1,37504/240.16 miColne Bank Avenue, Colchester2
£1,32504/240.16 miColne Bank Avenue, Colchester2
£1,32505/240.16 miColne Bank Avenue, Colchester2
£1,15005/240.17 miAlbert Street, Colchester, Essex, CO12
£1,20004/240.17 miChiltern Close, Colchester2
£2,70804/250.18 mi-2
£1,00004/240.18 miClaremont Heights, Colchester2
£1,00012/240.18 miClaremont Heights, Colchester2
£99503/240.18 miSt. Pauls Road, Colchester, Essex, CO12
£1,10003/240.19 miMorten Road, Colchester2
£1,05005/240.19 miMorten road, Colchester, CO12
£1,15004/240.2 miMorten Road, Colchester, Essex, CO12
£1,30012/240.2 miBergholt Road, Colchester, Essex, CO42
£92503/240.21 miAlbert Street, Colchester, Essex2
£85003/240.21 miAlbert Street, Colchester, Essex, CO12
£95005/240.21 miAlbert Street, Colchester, Essex2
£1,10003/240.21 miAlbert Street, Colchester, Essex, CO12
£1,25002/240.22 mi-2
£1,30004/240.25 miMason Road, Colchester, CO12
£1,30003/240.25 mi-2
£1,30004/240.25 mi-2
£1,25001/250.25 mi-2
£1,10012/240.26 mi-2
£1,10002/250.26 mi-2
£1,10012/240.27 miGroves Close, Colchester, Essex, CO42
£1,09504/240.27 miAlbert Street, Colchester, Essex, CO12
£1,00012/240.27 miBraithwaite Drive, Turner Road, Colchester, Essex, CO42
£1,00002/250.29 mi-2
£1,35003/240.29 miBarcro Square, Colchester, Essex, CO12
£1,25003/240.29 miBarcro Square, Colchester, Essex, CO12
£1,25005/240.29 miBarcro Square, Colchester, Essex, CO12
£1,20001/250.3 mi-2
£1,05003/240.3 miVictoria Chase, Colchester2
£1,15004/240.3 miHenry Swan Way, Colchester, Essex, CO12
£1,10004/240.31 miHenry Swan Way, Colchester, Essex, CO12

Local Area Statistics

Population in CO1

15,333

Population in Colchester

214,734

Town centre distance

0.84 miles away

Nearest school

0.20 miles away

Nearest train station

0.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £160,000

March 16, 2025

Price changed to £170,000

February 20, 2025

Price changed to £180,000

January 31, 2025

Price changed to £190,000

November 12, 2024

Listed for £170,000

August 9, 2024

Floor Plans

Description

  • No Onward Chain +
  • Walking Distance to Colchester North Station +
  • Close to City Centre +
  • Two Bedrooms +
  • Two Bathrooms +
  • Allocated Parking +

*GUIDE PRICE £160,000-£180,000*

Situated in a prime location within walking distance to Colchester station, this ground floor apartment is offered with no onward chain.

As you enter the property there is an entrance hallway, lounge and kitchen with wooden effect wall and base units, inset sink, built-in electric oven, inset electric hob with extractor fan over, space for fridge and plumbing for washing machine.

There are two spacious bedrooms with en-suite shower room to bedroom one and a further bathroom.

The apartment also benefits from residents parking. Contact us today to arrange a viewing.

Agent Details

Leaders Sales, Colchester

01206 586093

Next Steps?

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