2 Bed Bungalow, Single Let, Colchester, CO5 9SA, £600,000

Rye Mill Lane, Feering, Colchester, CO5 9SA - 8 months ago

BTL

~172 m²

+20 photos

ValuationUndervalued

Sold Prices	£208.5K - £620K
Sold Prices/m²	£2.8K/m² - £5K/m²

Square Metres	~171.80 m²
Price/m²	£3.5K/m²
Value Estimate	£710,500£710,500
BMV	18%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£150,000£150,000
Stamp Duty & Legal Fees	£48,700£48,700
Total Cash In	£198,700£198,700

Cash Out
Rent Range	£795 - £2,250£795 - £2,250
Rent Estimate	£795
Running Costs/mo	£2,054£2,054
Cashflow/mo	£-1,259£-1,259
Cashflow/yr	£-15,108£-15,108
Gross Yield	2%2%

Local Sold Prices

20 sold prices from £208.5K to £620K, average is £277.9K. £2.8K/m² to £5K/m², average is £4.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£263K	04/21	0.1 mi	54, Watermill Road, Feering, Colchester, Essex CO5 9SR	£4,962	53	2	Terraced House
£375K	08/22	0.12 mi	112, Feering Hill, Feering, Colchester, Essex CO5 9PY	£4,213	89	2	Terraced House
£375K	03/23	0.12 mi	114, Feering Hill, Feering, Colchester, Essex CO5 9PY	£3,524	106	2	Terraced House
£315K	01/23	0.15 mi	20, Sherwood Way, Feering, Colchester, Essex CO5 9LJ	-	-	2	Semi-Detached House
£370K	01/21	0.23 mi	53, Sherwood Way, Feering, Colchester, Essex CO5 9LG	£2,803	132	2	Semi-Detached House
£620K	05/21	0.23 mi	The Bungalow, London Road, Feering, Colchester, Essex CO5 9ED	£4,769	130	2	Detached House
£365K	09/22	0.38 mi	28, Feering Hill, Feering, Colchester, Essex CO5 9NH	£4,195	87	2	Terraced House
£230K	07/21	0.49 mi	2, Rosslyn Terrace, Kelvedon, Colchester, Essex CO5 9NW	£3,194	72	2	Terraced House
£252.5K	11/22	0.49 mi	7, Rosslyn Terrace, Kelvedon, Colchester, Essex CO5 9NW	£3,640	69	2	Terraced House
£330K	02/21	0.7 mi	Stanley House, St Marys Road, Kelvedon, Colchester, Essex CO5 9DN	-	-	2	Detached House
£330K	03/21	0.72 mi	7, Longacres Hanover Square, Feering, Colchester, Essex CO5 9QP	£4,925	67	2	Detached House
£246K	05/21	0.76 mi	135, High Street, Kelvedon, Colchester, Essex CO5 9AA	-	-	2	Terraced House
£250K	05/21	0.76 mi	91, High Street, Kelvedon, Colchester, Essex CO5 9AA	£4,310	58	2	Terraced House
£208.5K	02/21	0.84 mi	3, Braddy Court, Kelvedon, Colchester, Essex CO5 9JP	£4,010	52	2	Terraced House
£302K	04/21	0.86 mi	16, New Road, Kelvedon, Colchester, Essex CO5 9JW	£3,775	80	2	Semi-Detached House
£292.8K	06/21	0.91 mi	3, Thorne Road, Kelvedon, Colchester, Essex CO5 9JZ	£4,305	68	2	Semi-Detached House
£222.5K	01/23	0.98 mi	23, Fullers Close, Kelvedon, Colchester, Essex CO5 9JX	£4,076	55	2	Semi-Detached House
£250K	12/20	0.99 mi	25, Fullers Close, Kelvedon, Colchester, Essex CO5 9JX	£4,717	53	2	Semi-Detached House
£253K	07/23	0.99 mi	11, Fullers Close, Kelvedon, Colchester, Essex CO5 9JX	£3,286	77	2	Terraced House
£257K	08/22	1 mi	61, Glebe Road, Kelvedon, Colchester, Essex CO5 9JS	-	-	2	Terraced House

Local Rents

43 rents from £795/mo to £2.3K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,600	12/24	0.28 mi	Barnfield, Feering, Essex	4	Detached House
£1,095	12/24	0.29 mi	The Residences, Inworth Road, Feering	1	Flat
£1,295	12/24	0.29 mi	The Residences, Inworth, Feering	2	Flat
£1,495	12/24	0.29 mi	The Residences, Inworth Road, Feering	2	Flat
£999	03/24	0.56 mi	-	2	Flat
£1,500	08/24	0.61 mi	-	2	Flat
£1,500	12/24	0.61 mi	Orchard Road, Kelvedon, CO5	3	Detached House
£795	12/24	0.89 mi	High Street, Kelvedon, Essex	1	Flat
£1,600	07/24	0.96 mi	-	4	Semi-Detached House
£1,275	12/24	1 mi	High Street, Kelvedon, Colchester, CO5	3	Flat
£1,250	12/24	1.01 mi	High Street, Kelvedon, COLCHESTER	3	Flat
£1,350	12/24	1.14 mi	Easterford, Kelvedon	3	Detached House
£1,700	12/24	1.97 mi	Minikin Close, Coggeshall	3	Detached House
£1,700	12/24	1.97 mi	Minikin Close, Coggeshall	3	Detached House
£1,700	12/24	1.99 mi	Minikin Close, Coggeshall	3	Detached House
£1,700	12/24	1.99 mi	Minikin Close, Coggeshall	3	Detached House
£1,200	12/24	2.01 mi	Minikin Close, Colchester	2	Detached House
£1,100	12/24	2.02 mi	Barn View, Coggeshall	2	Terraced House
£2,250	12/24	2.02 mi	Minikin Close, Coggeshall	4	Detached House
£1,700	12/24	2.04 mi	Minikin Close, Coggeshall	3	Detached House
£1,700	12/24	2.07 mi	Thimble street, Coggeshall, colchester	3	Flat
£1,700	12/24	2.07 mi	Thimble street, Coggeshall, colchester	3	Flat
£850	01/24	2.1 mi	-	2	Semi-Detached House
£1,000	12/24	2.16 mi	Albert Place, Coggeshall, CO6	2	Flat
£800	12/24	2.17 mi	Doubleday Corner, Coggeshall	2	Flat
£1,125	12/24	2.18 mi	West Street, Coggeshall	2	Terraced House
£795	12/24	2.18 mi	West Street, Coggeshall	1	Flat
£1,600	12/24	2.19 mi	Church Street, Coggeshall, CO6	3	Detached House
£900	12/24	2.2 mi	-	1	Flat
£950	09/24	2.2 mi	-	1	Flat
£975	11/24	2.2 mi	-	2	Terraced House
£2,000	12/24	2.21 mi	Heathland Avenue, Tiptree	4	Detached House
£2,250	12/24	2.22 mi	Stoneham Street, Coggeshall, Colchester, Essex, CO6	3	Terraced House
£2,250	12/24	2.22 mi	Stoneham Street, Coggeshall	3	Terraced House
£1,600	12/24	2.26 mi	Church Green, Coggeshall, COLCHESTER	3	Flat
£1,000	12/24	2.37 mi	Beards Terrace, Coggeshall	2	Terraced House
£2,200	12/24	2.37 mi	Thompson Gardens, Coggeshall, Colchester, Essex, CO6	4	Detached House
£1,250	12/24	2.39 mi	Arnold Villas, Tiptree	3	Detached House
£1,400	12/24	2.42 mi	Easthorpe Green, Marks Tey, Colchester, Essex, CO6	3	Flat
£1,750	01/24	2.42 mi	-	3	Semi-Detached House
£1,800	03/25	2.42 mi	-	3	Semi-Detached House
£795	08/24	2.44 mi	-	1	Flat
£1,000	12/24	2.44 mi	Keys available for immediate viewing	2	Flat

Local Area Statistics

Population in CO5	28,20428,204
Population in Colchester	214,734214,734
Town centre distance	7.98 miles away7.98 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.46 miles away0.46 miles away

Rental growth (12m)	+2%+2%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+23%+23%

Property History

Listed for £600,000

August 15, 2024

Floor Plans

Description

Great Size Rear Garden +
Double Garage +
Off Street Parking +
Good Transport Links +
Walking Distance of Local Shops +
Country Walks and Parks all Close By +
Highly Maintained Throughout +
Must View Home +

GUIDE PRICE £600,000 - £625,000
Unique detached bungalow in sought after village location. With huge potential on offer with its great frontage, double garage and 100ft rear garden. On top of all this the home sits within easy reach of some great transport links, short walk to local shops and over looks local country park.
The home internally has been maintained to a great standard throughout with great living space and well sized bedrooms. We strongly recommend an early vieiwng to really appreciate all this home has to offer.
Call Leaders today to book your appointment!

Agent Details

Leaders Sales, Witham

01376 315806

Next Steps?

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

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