2 Bed Flat, Single Let, Colchester, CO1 2ZD, £195,000

Grosvenor Place, Central Colchester, CO1 2ZD - 7 months ago

Sold STC
Leasehold
BTL
ROI: 2%
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£90K - £268K
Sold Prices/m²£1.6K/m² - £4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£180,176

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£48,750

Stamp Duty & Legal Fees

£12,350

Total Cash In

£61,100

 

 

Cash Out

 

Rent Range

£775 - £2,850

Rent Estimate

£900

Running Costs/mo

£809

Cashflow/mo

£91

Cashflow/yr

£1,088

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £90K to £268K, average is £162.8K. £1.6K/m² to £4K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£164K10/200.03 miFlat 17, The Mill Apartments, East Street, Colchester, Essex CO1 2QT2
£205K10/200.03 miFlat 37, The Mill Apartments, East Street, Colchester, Essex CO1 2QT2
£245K05/210.03 miFlat 25, The Mill Apartments, East Street, Colchester, Essex CO1 2QT2
£217.5K04/210.06 mi49, Grosvenor Place, Colchester, Essex CO1 2ZD2
£170K03/210.06 mi14, Grosvenor Place, Colchester, Essex CO1 2ZD2
£197.5K03/230.06 mi29, Grosvenor Place, Colchester, Essex CO1 2ZD2
£240K10/220.06 mi22, Grosvenor Place, Colchester, Essex CO1 2ZD2
£197.5K02/230.14 mi32, Rouse Way, Colchester, Essex CO1 2TT2
£250K07/230.14 mi25, Rouse Way, Colchester, Essex CO1 2TT2
£175K06/210.14 mi24, Rouse Way, Colchester, Essex CO1 2TT2
£200K03/210.14 mi26, Rouse Way, Colchester, Essex CO1 2TT2
£185K02/230.14 mi17, Rouse Way, Colchester, Essex CO1 2TT2
£145K02/210.26 mi15, St Augustine Mews, Colchester, Essex CO1 2PF2
£190K09/220.27 mi4, York Place, Colchester, Essex CO1 2RF2
£143K12/200.27 mi106, St Andrews Gardens, Colchester, Essex CO4 3EH2
£162K05/210.28 mi12, Saw Mill Road, Colchester, Essex CO1 2ZQ2
£150K01/210.31 mi141, George Williams Way, Colchester, Essex CO1 2JR2
£176K07/230.31 mi139, George Williams Way, Colchester, Essex CO1 2JR2
£171K12/220.31 mi191, George Williams Way, Colchester, Essex CO1 2JR2
£161K08/210.35 mi78, George Williams Way, Colchester, Essex CO1 2JZ2
£146.5K01/210.35 mi42, George Williams Way, Colchester, Essex CO1 2JZ2
£150K06/210.35 mi24, George Williams Way, Colchester, Essex CO1 2JZ2
£150K11/200.36 mi5, George Williams Way, Colchester, Essex CO1 2JP2
£159K05/210.36 mi81, George Williams Way, Colchester, Essex CO1 2JP2
£167K11/220.36 mi30, Ratcliffe Court, Colchester, Essex CO4 0AZ2
£150K03/210.37 mi101, Nicholsons Grove, Colchester, Essex CO1 2XT2
£160K09/220.37 mi45, George Williams Way, Colchester, Essex CO1 2JP2
£90K05/210.4 mi5, The Dell, Colchester, Essex CO1 2YH2
£182K07/230.41 mi4, Tarrett Drive, Colchester, Essex CO1 2NJ2
£140K03/210.42 mi155, Hythe Hill, Colchester, Essex CO1 2NG2
£140K03/210.42 mi155, Hythe Hill, Colchester, Essex CO1 2NG2
£165K05/210.42 mi156, Hythe Hill, Colchester, Essex CO1 2NG2
£268K10/210.42 mi25, Hythe Hill, Colchester, Essex CO1 2NB2
£165K06/230.47 mi18, Haddon Park, Colchester, Essex CO1 2GX2
£120K01/210.47 mi18, Haddon Park, Colchester, Essex CO1 2GX2
£155K03/210.49 mi154, Ipswich Road, Colchester, Essex CO4 0AF2
£140K12/200.49 mi140a, Ipswich Road, Colchester, Essex CO4 0AF2
£165K06/210.49 miFlat 5, Ravenswood, New Town Road, Colchester, Essex CO1 2EG2
£158.5K01/210.5 mi13, King Cole Place, Colchester, Essex CO4 0BA2
£137K06/230.52 mi12a, Rayleigh Close, Colchester, Essex CO4 0AT2
£180K08/230.52 mi14, Rayleigh Close, Colchester, Essex CO4 0AT2
£145K12/200.52 mi7a, Rayleigh Close, Colchester, Essex CO4 0AT2
£110K07/210.6 mi10, Suffolk Close, Colchester, Essex CO4 0AY2
£102.5K07/230.6 mi26, Suffolk Close, Colchester, Essex CO4 0AY2
£148K06/230.62 mi7, Alyssum Walk, Colchester, Essex CO4 3RW2
£163.5K10/200.72 mi9, Cooper Walk, Colchester, Essex CO4 3RU2
£260K11/220.72 mi26, Captain Gardens, Colchester, Essex CO2 7FX2
£150K03/210.72 miFlat 25, Stuart House, St Peters Street, Colchester, Essex CO1 1BQ2
£156.5K06/230.72 miFlat 30, Stuart House, St Peters Street, Colchester, Essex CO1 1BQ2
£165K05/230.74 mi20, Dewberry Close, Colchester, Essex CO4 3RT2

Local Rents

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

RentDateDistanceAddressBeds 
£1,00003/240 miEast Street, Colchester2
£1,35003/240.03 miThe Mill Apartments, East Street, Colchester, Essex, CO12
£1,35005/240.03 miThe Mill Apartments, East Street, Colchester, Essex, CO12
£95003/240.04 miGrays Cottages, Colchester2
£95003/240.04 miGrays Cottages, Colchester2
£1,00003/240.05 miEast Street, Colchester2
£1,15003/240.06 miGrosvenor Place, Colchester2
£1,15004/240.06 miGrosvenor Place, Colchester2
£96004/240.12 miBrook Street, Colchester, CO12
£96004/240.12 mi-2
£1,10002/250.12 mi-2
£1,00005/240.12 miBrook Street, COLCHESTER2
£1,00003/240.12 miIpswich Road, Colchester, Essex, CO12
£1,00003/240.13 miThe Coach House, East Street, CO12
£1,10003/240.13 miEast Hill, Colchester Town2
£1,10005/240.13 miIpswich Road, COLCHESTER2
£1,10004/240.14 mi-2
£1,15003/240.14 miRouse Way, Colchester, Essex, CO12
£82510/230.14 miEast Street, Colchester, Essex, CO12
£85003/240.15 miOld Coach House, Old Coach Road, Colchester2
£90003/240.18 miBrook Street,Colchester2
£1,20002/250.19 mi-2
£1,25005/240.21 miSmythies Avenue, Colchester, CO12
£95003/240.23 miEast Hill, Colchester, CO12
£95004/240.23 miEast Hill, Colchester, CO12
£1,15004/240.24 miOld Rectory Drive, Brook Street, Colchester, CO12
£1,10003/240.27 miSaw Mill Road, Colchester, Essex, CO12
£1,20012/240.27 miSt Andrews Gardens, Colchester2
£95012/240.27 miSt. Andrews Court, Colchester2
£1,10005/240.3 miGrantham Court, Colchester2
£1,04503/240.3 miSimons Lane, Colchester2
£1,05003/240.31 miGeorge Williams Way,Colchester,CO12
£1,00003/250.31 mi-2
£1,05001/250.32 mi-2
£95004/240.34 miMagdalen Street, Colchester, Essex2
£1,20003/250.35 mi-2
£1,00003/240.35 miGeorge Williams Way, Colchester2
£1,00004/240.35 miGeorge Williams Way, Colchester2
£1,20004/240.35 miCentral Colchester2
£77501/240.35 mi-2
£1,10003/240.36 miGeorge Williams Way, Town Centre2
£1,10003/240.36 miGeorge Williams Way, Colchester, Essex, CO12
£1,00005/240.36 miBarrack Street, Colchester2
£98501/250.37 mi-2
£1,25005/240.37 mi-2
£1,25005/240.37 miGreenstead Road, Colchester, CO12
£1,17501/240.37 mi-2
£1,17502/250.37 mi-2
£1,25003/250.37 mi-2
£2,85003/240.37 mi-2

Local Area Statistics

Population in CO1

15,333

Population in Colchester

214,734

Town centre distance

1.20 miles away

Nearest school

0.10 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £195,000

January 31, 2025

Listed for £199,950

August 23, 2024

Floor Plans

Description

  • GROUND FLOOR +
  • COMMUNAL POOL +
  • PRIVATE GARDEN SPACE +
  • GATED PARKING +
  • CITY CENTRE LOCATION +
  • NO ONWARD CHAIN +
  • EN-SUITE +
  • RIVERSIDE VIEWS +
  • COUNCIL TAX BAND C £1756 +
  • EPC RATING C +

This ground floor flat is located on the Colne river and offers open-plan living with superb views. Boasting two spacious bedrooms, the property is ideal for young or retiring couples seeking a comfortable and convenient place to call home. There is a private courtyard garden accessed directly from the living space. The well-maintained block benefits from access to a communal heated swimming pool.

Upon entering the flat, you are greeted by a spacious hallway that leads you to the heart of the property. The open-plan living and dining area is flooded with natural light thanks to the large windows that offer river views. The living area is tastefully decorated with neutral tones and offers french doors leading out into the private garden area, perfect for relaxing after a long day. The kitchen is well-equipped with space for all the necessary appliances, including an oven, hob, fridge/freezer, dishwasher, and washing machine. The kitchen also features ample storage space, making it perfect for those who love to cook and entertain, there is also a central breakfast bar.

The master bedroom is spacious and benefits from a en-suite shower room. The room has two external windows and there is a wall of fitted wardrobes. The en-suite shower room is tiled and features a single shower, a toilet, and a washbasin with a heated towel rail. The second bedroom is also well-proportioned and features a large window with river views. The room is tastefully decorated and benefits from ample storage space. The family bathroom is fully tiled and features a bath with a shower attachment, a toilet, and a washbasin with a vanity unit.

One of the highlights of this property is the communal heated swimming pool, which is located in the block and benefits from changing rooms. The pool is perfect for those who enjoy a swim or want to relax by the water.

The flat benefits from a private parking space and secure entry system, providing peace of mind for residents. The property is located close to local amenities, including shops, restaurants, and transport links, making it perfect for those who want easy access to everything that the local area has to offer.

In summary, this adapatable ground floor flat on the river front offers luxurious living with ever changing views. With two spacious bedrooms, ground floor living, and access to a communal heated swimming pool, this property is perfect for young or retiring couples seeking a comfortable and convenient place to call home.

Grosvenor Place can be found at the bottom of East Hill within a short walk of Colchester's bustling city centre and historic Castle Park. The development also benefits from an indoor 10 metre heated pool, which is solely for the use of the residents.

Grosvenor Place overlooks both the River Colne and Colchester's historic Castle Park. The busy city centre can easily be reached where many shops, restaurants, theatres, and cinemas can be found. A short walk across the park will bring you to North Station with its direct railway links to Stratford and London in less than an hour.

HALL - 11'1'' x 10'4'' (3.4m x 3.1m)

KITCHEN/LIVING SPACE - 25'6'' x 10'9'' (7.8m x 3.3m)

BATHROOM - 7'3'' x 5'7'' (2.2m x 1.7m)

BEDROOM - 1 - 15' x 9'3'' (4.6m x 2.8m)

ENSUITE - 6'5'' x 4'9'' (2m x 1.4m)

BEDROOM - 2 - 15'1'' x 6'9'' (4.6m x 2.1m)

AGENTS NOTE -
Potential Rent : £1,200 pcm
Length of Lease: approximately 108 years remaining.
Service Charge: £3378 pa.
Ground Rent: £150 pa.

Agent Details

Boydens, Colchester

01206 586167

Next Steps?

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