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

Caelum Drive, Colchester, CO2 8FN - 4 views - 7 months ago

Sold STC
Leasehold
BTL
ROI: 13%
~68 m²
+6 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

£1,125

Running Costs/mo

£683

Cashflow/mo

£443

Cashflow/yr

£5,310

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 £140,000

September 30, 2024

Floor Plans

Description

  • First Floor Apartment +
  • Spacious Living Accommodation +
  • Two Double Bedrooms +
  • En Suite & Bathroom +
  • Allocated Parking Space +
  • Close To Hythe Station +
  • Good Access To University Of Essex +

SUMMARY
This first floor apartment is situated in the Hythe area of Colchester, offering excellent access to Hythe train station, local shops and amenities, as well as the University of Essex. The property is offered with NO ONWARD CHAIN and would be an ideal first time purchase or investment opportunity.

DESCRIPTION
Early viewing is advised of this two bedroom first floor apartment situated on the east side of Colchester on the banks of the River Colne. Accommodation comprises entrance hall, open plan lounge/diner with French doors onto the balcony, modern kitchen, two good size double bedrooms, en suite shower room to master bedroom and further bathroom. Externally there is an allocated parking space.

Communal Entrance Door To: 

Communal Entrance Hall 

Personal Entrance Door To: 

Entrance Hall 
Laminate flooring, electric radiator, airing cupboard, doors to:

Kitchen / Lounge / Diner 22' max x 15' 1" max ( 6.71m max x 4.60m max )

Lounge / Dining Area 15' 1" approx x 15' 1" approx ( 4.60m approx x 4.60m approx )
Double glazed French doors to balcony, double glazed window to side, electric radiator, laminate flooring.

Kitchen Area 8' 1" approx x 7' 1" approx ( 2.46m approx x 2.16m approx )
Range of base and eye level units, work surfaces, one and a quarter sink unit with mixer tap, integrated electric oven, inset electric hob with extractor hood over, integrated fridge/freezer and dishwasher, space and plumbing for washing machine, double glazed window to side, vinyl flooring.

Bedroom One 15' max x 9' 1" max ( 4.57m max x 2.77m max )
Built-in double wardrobe with sliding doors, double glazed window to rear, electric radiator.

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

Bedroom Two 10' 1" x 10' ( 3.07m x 3.05m )
Double glazed window to rear, electric radiator.

Bathroom 
Panel enclosed bath, low level w.c., wall mounted wash hand basin, part tiled walls, tiled floor, heated towel rail.

Outside 
The property benefits from ALLOCATED PARKING SPACE,

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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