2 Bed Flat, Single Let, Colchester, CO2 8FN, £140,000

Caelum Drive, Colchester, CO2 8FN - 2 views - 7 months ago

Sold STC
Leasehold
BTL
ROI: 11%
~68 m²
+10 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£170,800
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£950 - £1,450

Rent Estimate

£1,050

Running Costs/mo

£668

Cashflow/mo

£383

Cashflow/yr

£4,590

ROI

11%

Gross Yield

9%

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 £140,000

September 17, 2024

Floor Plans

Description

  • Modern & Spacious Apartment +
  • Open Plan Kitchen/Lounge/Diner With Balcony +
  • Two Double Bedrooms +
  • En Suite & Bathroom +
  • Allocated Parking +
  • Close To Local Amenities +
  • Access To University Of Essex +

SUMMARY
This two bedroom upper floor modern apartment is situated in the Hythe area of Colchester, offering excellent access to the river, local shops and amenities, train station and University of Essex, The property could be an ideal investment opportunity or first time purchase.

DESCRIPTION
This modern apartment is situated on the east side of Colchester and offers spacious and well presented accommodation throughout. The property benefits from entrance hall, 21 ft open plan lounge/diner/kitchen with French doors onto a Juliet balcony, two good size double bedrooms, en suite shower room to master bedroom and family bathroom. Externally there is allocated parking and communal grounds.

Communal Entrance Door To: 

Communal Entrance Hall 
With stairs to upper floors.

Entrance Door To: 

Entrance Hall 
Electric heater, built-in airing cupboard, doors to:

Kitchen / Diner / Lounge 21' max x 11' 1" max ( 6.40m max x 3.38m max )
Range of base and eye level units and drawers, work surfaces, inset one and a quarter sink and drainer unit with mixer tap, dishwasher, washing machine, oven and hob with extractor over, fridge/freezer, laminate flooring, upvc double glazed sliding doors to balcony, upvc double glazed window to side, electric heater.

Bedroom  13' 1" max x 12' max ( 3.99m max x 3.66m max )
Electric heater, built-in slider wardrobes, upvc double glazed window to side, door to;

En Suite 
Three piece suite comprising shower cubicle, low level w.c. and wash hand basin, tiled floor, part tiled walls, heated towel rail.

Bedroom Two 10' x 9' ( 3.05m x 2.74m )
Upvc double glazed window to side, electric heater.

Bathroom 
Three piece suite comprising panel enclosed bath with shower over, low level w.c. and wash hand basin, tiled floor, part tiled walls, heated towel rail.

Outside 
The property benefits from allocated parking and communal garden.

DIRECTIONS
Refer to map

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Colchester

01206 586061

Next Steps?

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