2 Bed Flat, Single Let, Colchester, CO2 8FN, £165,000

Caelum Drive, Colchester, Essex, CO2 8FN - 9 views - 8 months ago

BTL
ROI: 13%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£120K - £268K
Sold Prices/m²£1.8K/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.4K/m²

Value Estimate

£175,863
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£6,150

Total Cash In

£47,400

 

 

Cash Out

 

Rent Range

£950 - £1,450

Rent Estimate

£1,325

Running Costs/mo

£801

Cashflow/mo

£524

Cashflow/yr

£6,293

ROI

13%

Gross Yield

10%

Local Sold Prices

50 sold prices from £120K to £268K, average is £162K. £1.8K/m² to £3.5K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£176.5K06/230 mi3, Caelum Drive, Colchester, Essex CO2 8FN2
£185K12/220.02 mi6, Caelum Drive, Colchester, Essex CO2 8FP2
£180K02/210.07 mi37 Sail House, Ship Wharf, Colchester, Essex CO2 8YP2
£205K05/230.07 mi65 Sail House, Ship Wharf, Colchester, Essex CO2 8YP2
£147K03/210.07 mi71 Sail House, Ship Wharf, Colchester, Essex CO2 8YP2
£157.5K11/200.11 mi3, Meachen Road, Colchester, Essex CO2 8JD2
£130K04/230.11 mi45, Meachen Road, Colchester, Essex CO2 8JD2
£173K12/200.14 mi9, Meachen Road, Colchester, Essex CO2 8JD2
£170K06/230.15 mi343, Quayside Drive, Colchester, Essex CO2 8GT2
£182K01/230.24 mi114, Albany Gardens, Colchester, Essex CO2 8HU2
£162K06/230.27 miFlat 9, Parkland Court, Recreation Road, Colchester, Essex CO1 2LB2
£145K01/210.27 miFlat 15, Parkland Court, Recreation Road, Colchester, Essex CO1 2LB2
£145K03/210.27 miFlat 8, Parkland Court, Recreation Road, Colchester, Essex CO1 2LB2
£202.5K01/210.27 mi9, Waterside Lane, Colchester, Essex CO2 8HW2
£178K03/230.27 mi13, Waterside Lane, Colchester, Essex CO2 8HW2
£177K07/230.29 mi161, Albany Gardens, Colchester, Essex CO2 8HQ2
£120K01/210.38 mi18, Haddon Park, Colchester, Essex CO1 2GX2
£165K06/230.39 mi18, Haddon Park, Colchester, Essex CO1 2GX2
£182K07/230.42 mi4, Tarrett Drive, Colchester, Essex CO1 2NJ2
£140K03/210.43 mi155, Hythe Hill, Colchester, Essex CO1 2NG2
£140K03/210.43 mi155, Hythe Hill, Colchester, Essex CO1 2NG2
£165K05/210.43 mi156, Hythe Hill, Colchester, Essex CO1 2NG2
£268K10/210.45 mi25, Hythe Hill, Colchester, Essex CO1 2NB2
£194K10/200.62 mi7, Sadler Close, Colchester, Essex CO2 7LU2
£175K06/210.62 mi13, Sadler Close, Colchester, Essex CO2 7LU2
£170K07/210.62 mi2, Sadler Close, Colchester, Essex CO2 7LU2
£162K05/210.68 mi12, Saw Mill Road, Colchester, Essex CO1 2ZQ2
£165K05/230.71 mi20, Dewberry Close, Colchester, Essex CO4 3RT2
£142K11/200.72 mi16, Dorchester End, Colchester, Essex CO2 8AR2
£165K06/210.72 miFlat 5, Ravenswood, New Town Road, Colchester, Essex CO1 2EG2
£130K12/200.72 mi28, Dorchester End, Colchester, Essex CO2 8AR2
£148K06/230.73 mi7, Alyssum Walk, Colchester, Essex CO4 3RW2
£155K02/210.76 mi30, Steed Crescent, Colchester, Essex CO2 7SJ2
£140K08/230.76 mi12, Flanders Field, Colchester, Essex CO2 8BX2
£125K06/230.76 mi36, Flanders Field, Colchester, Essex CO2 8BX2
£150K02/230.77 mi18, Siena Mews, Colchester, Essex CO2 8YB2
£158.5K01/210.78 mi6, Siena Mews, Colchester, Essex CO2 8YB2
£150K03/210.78 mi45, Viceroy Close, Colchester, Essex CO2 8BQ2
£150.5K12/220.78 mi43, Viceroy Close, Colchester, Essex CO2 8BQ2
£146K01/210.79 miFlat 11, Dedham Court, Stalin Road, Colchester, Essex CO2 8SN2
£242K06/210.8 mi132, Magnolia Drive, Colchester, Essex CO4 3LX2
£150K01/210.8 mi141, George Williams Way, Colchester, Essex CO1 2JR2
£176K07/230.8 mi139, George Williams Way, Colchester, Essex CO1 2JR2
£171K12/220.8 mi191, George Williams Way, Colchester, Essex CO1 2JR2
£161K08/210.8 mi78, George Williams Way, Colchester, Essex CO1 2JZ2
£146.5K01/210.8 mi42, George Williams Way, Colchester, Essex CO1 2JZ2
£150K06/210.8 mi24, George Williams Way, Colchester, Essex CO1 2JZ2
£160K10/210.81 mi54a, Barrington Road, Colchester, Essex CO2 7RW2
£163.5K10/200.83 mi9, Cooper Walk, Colchester, Essex CO4 3RU2
£245K05/210.85 miFlat 25, The Mill Apartments, East Street, Colchester, Essex CO1 2QT2

Local Rents

50 rents from £950/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,17512/240 miCaelum Drive, Colchester, Essex, CO22
£1,20012/240 miCaelum Drive, Colchester, Essex, CO22
£1,20012/240 miCaelum Drive, Colchester, Essex, CO22
£1,12512/240 miCaelum Drive, Colchester, Essex, CO22
£1,30012/240 miCaelum Drive, Colchester, Essex, CO22
£1,20012/240 miCaelum Drive, Colchester, Essex, CO22
£1,20012/240 miCaelum Drive, Colchester2
£1,20012/240 miCaelum Drive, Colchester2
£1,20012/240 miCaelum Drive, Colchester2
£1,12512/240 miCaelum Drive, Colchester, Essex, CO22
£1,20001/250.01 mi-2
£1,20012/240.02 miCaelum Drive, Colchester, Essex, CO22
£1,19512/240.02 miCaelum Drive, Hythe, Colchester2
£1,20012/240.04 miShip Wharf, Colchester, Essex, CO22
£1,25012/240.04 miCaelum, Colchester, Essex, CO22
£1,20012/240.04 miShip Wharf, Colchester, Essex, CO22
£1,25012/240.04 miKeel Point, Colchester2
£1,25012/240.04 miKeel Point, Hawkins Road2
£1,30012/240.04 miKeel Point, Hawkins Road2
£1,25012/240.04 miKeel Point, Ship Wharf2
£1,25012/240.04 miCaelum Drive, Colchester, Essex, CO22
£1,39512/240.04 miKeel Point, Ship Wharf, Hythe2
£1,15012/240.07 miShip Wharf, Colchester, Essex, CO22
£1,30012/240.07 miSail House , Colchester2
£1,25012/240.07 miSail House, Colchester2
£1,25012/240.07 miSail House, Colchester2
£1,45012/240.07 miSail House, Ship Wharf2
£1,30012/240.07 miShip Wharf, Hawkins Road, Hythe2
£1,17512/240.07 miShip Wharf, Colchester, Essex, CO22
£1,20012/240.07 miSail House, Ship Wharf2
£1,17512/240.07 mi-2
£1,25012/240.09 miHawkins Road, Colchester, Essex, CO22
£1,12512/240.09 miHawkins Road, Colchester, Essex, CO22
£1,25012/240.09 miHawkins Road, Colchester, Essex, CO22
£1,25012/240.09 miHeia Wharf, Hawkins Road2
£1,20012/240.1 miSpiritus House, Hawkins Road, Colchester2
£1,25012/240.1 miHardies Point, Hawkins Road, Colchester2
£1,20012/240.1 miMaponite Buildings, Hawkins Road, Colchester, Essex, CO22
£1,20012/240.11 miQuayside Drive, Colchester2
£1,15012/240.11 miHardies Point2
£1,20012/240.11 miHardie's Point, Colchester, Essex, CO22
£95001/250.11 mi-2
£1,20012/240.11 miHeia Wharf, Hawkins Road, Hythe2
£1,30012/240.11 mi-2
£1,25012/240.11 mi-2
£1,15012/240.11 miMaria Court, Hesper Road, Colchester, Essex, CO22
£99512/240.11 miHesper Road, Maria Court2
£1,20012/240.11 miHesper Road, Hythe2
£1,25012/240.11 miHeia Wharf, Hawkins Road , Colchester2
£1,05012/240.11 miMeachen Road, Colchester, Essex2

Local Area Statistics

Population in CO2

33,440

Population in Colchester

214,734

Town centre distance

1.81 miles away

Nearest school

0.40 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+63%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Listed for £165,000

September 9, 2024

Description

  • Ideal Investment Opportunity +
  • Currently Let for £1325.00 PCM +
  • Popular Hythe Location +
  • Spacious and Well Presented +
  • En-Suite to Master & Family Bathroom +
  • Balcony With Views +
  • Viewing Recommended +

Saxons are delighted to offer this well presented and spacious apartment located in the popular Hythe of Colchester. Perfectly positioned for access to the University of Essex, City Centre, local amenities and much more.

This property is the IDEAL INVESTEMENT OPPORTUNITY and is currently let for £1325.00 pcm.

Please call Saxons for more details.

Agent Details

Saxons Estate Agents, Colchester

01206 586085

Next Steps?

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