2 Bed Flat, Single Let, Colchester, CO1 1ZX, £150,000

Claremont Heights, Colchester, CO1 1ZX - 1 views - 7 months ago

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

ValuationUndervalued

Sold Prices£143K - £307K
Sold Prices/m²£1.5K/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£181,500
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£46,200

 

 

Cash Out

 

Rent Range

£825 - £2,708

Rent Estimate

£916

Running Costs/mo

£672

Cashflow/mo

£244

Cashflow/yr

£2,929

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £143K to £307K, average is £177.5K. £1.5K/m² to £3.8K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£160K12/220.03 mi134, Claremont Heights, Colchester, Essex CO1 1ZY2
£150K12/200.04 mi29, Claremont Heights, Colchester, Essex CO1 1ZU2
£143K12/200.04 mi48, Claremont Heights, Colchester, Essex CO1 1ZU2
£158K04/210.15 mi44, Clarendon Way, Colchester, Essex CO1 1AG2
£177K09/210.15 mi74, Clarendon Way, Colchester, Essex CO1 1AG2
£191.5K04/210.15 mi72, Clarendon Way, Colchester, Essex CO1 1AG2
£220K12/220.15 mi34, Clarendon Way, Colchester, Essex CO1 1AG2
£197.5K02/210.15 mi12, Clarendon Way, Colchester, Essex CO1 1AG2
£165K03/210.15 mi42, Clarendon Way, Colchester, Essex CO1 1AG2
£210K06/230.15 mi24, Clarendon Way, Colchester, Essex CO1 1AG2
£163K12/200.15 mi6, Rowan Place, Colchester, Essex CO1 1AJ2
£165K06/230.23 mi36, Groves Close, Colchester, Essex CO4 5BP2
£180K10/220.23 mi17, Groves Close, Colchester, Essex CO4 5BP2
£180K06/230.23 mi31, Groves Close, Colchester, Essex CO4 5BP2
£179K11/220.23 mi23, Groves Close, Colchester, Essex CO4 5BP2
£175K08/210.3 mi148, Rotary Way, Colchester, Essex CO3 3LG2
£232.5K07/230.3 mi59, Rotary Way, Colchester, Essex CO3 3LJ2
£173K10/220.3 mi80, Rotary Way, Colchester, Essex CO3 3LG2
£160K04/210.3 mi27, Rotary Way, Colchester, Essex CO3 3LJ2
£215K11/220.3 mi112, Rotary Way, Colchester, Essex CO3 3LG2
£171K11/220.31 mi143, Rotary Way, Colchester, Essex CO3 3LJ2
£160K04/210.31 mi156, Victoria Chase, Colchester, Essex CO1 1WW2
£152.5K04/210.31 mi138, Victoria Chase, Colchester, Essex CO1 1WW2
£185K03/230.32 mi58, Bradford Drive, Colchester, Essex CO4 5ZA2
£185K09/220.34 mi86, Victoria Chase, Colchester, Essex CO1 1WN2
£172.5K11/220.35 miFlat 10, The Nexus, Victoria Chase, Colchester, Essex CO1 1WJ2
£180K03/230.36 mi73, Victoria Chase, Colchester, Essex CO1 1WB2
£175K04/230.36 mi113, Victoria Chase, Colchester, Essex CO1 1WB2
£190K01/230.39 mi102, Sheepen Place, Colchester, Essex CO3 3LT2
£200K01/210.43 mi187, Turner Road, Colchester, Essex CO4 5XW2
£180K02/210.43 mi87, Propelair Way, Colchester, Essex CO4 5YT2
£200K07/230.43 mi99, Propelair Way, Colchester, Essex CO4 5YT2
£166K11/200.43 mi125, Propelair Way, Colchester, Essex CO4 5YT2
£200K03/230.43 mi129, Propelair Way, Colchester, Essex CO4 5YT2
£179.5K08/210.44 mi13, Propelair Way, Colchester, Essex CO4 5YS2
£164K01/210.45 mi19, Wallace Road, Colchester, Essex CO4 5GP2
£170K02/210.45 mi8, Wallace Road, Colchester, Essex CO4 5GP2
£197K12/220.46 mi19, Propelair Way, Colchester, Essex CO4 5YS2
£255K09/210.48 mi16, Parkside Quarter, Colchester, Essex CO1 1EA2
£145K09/210.49 miFlat 19, Charles House, St Peters Street, Colchester, Essex CO1 1BY2
£162K10/210.49 miFlat 18, Charles House, St Peters Street, Colchester, Essex CO1 1BY2
£150K03/210.5 miFlat 25, Stuart House, St Peters Street, Colchester, Essex CO1 1BQ2
£156.5K06/230.5 miFlat 30, Stuart House, St Peters Street, Colchester, Essex CO1 1BQ2
£210K12/220.53 mi6, Axial Drive, Colchester, Essex CO4 5RY2
£150K11/220.57 mi30, Nunns Road, Colchester, Essex CO1 1EJ2
£307K12/220.6 mi61, Henry Laver Court, Colchester, Essex CO3 3DY2
£203K11/210.62 mi87, Henry Laver Court, Colchester, Essex CO3 3DY2
£190K03/230.65 miFlat 3, Salter Court, St Marys Fields, Colchester, Essex CO3 3FF2
£177.5K11/210.72 mi3, Linnet Mews, Colchester, Essex CO4 5NB2
£177.5K11/210.72 mi3, Linnet Mews, Colchester, Essex CO4 5NB2

Local Rents

50 rents from £825/mo to £2.7K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£82504/240 miClaremont Heights, Colchester, Essex2
£99503/240.01 miClaremont Heights, Colchester, CO12
£1,00004/240.03 miClaremont Heights, Colchester2
£1,00012/240.03 miClaremont Heights, Colchester2
£1,20004/240.07 miChiltern Close, Colchester2
£95003/240.11 miClarendon Way, Colchester, Essex, CO12
£95003/240.11 miClarendon Way, Colchester, Essex, CO12
£1,30012/240.13 miBergholt Road, Colchester, Essex, CO42
£1,25002/240.15 mi-2
£1,20001/250.15 mi-2
£1,05005/240.15 miClarendon Way, CO1, Colchester 2
£1,05003/240.15 miRowan Place, Colchester, Essex2
£1,32505/240.18 mi-2
£1,40003/240.19 miColne Bank Avenue, Colchester2
£1,37504/240.19 miColne Bank Avenue, Colchester2
£1,32504/240.19 miColne Bank Avenue, Colchester2
£1,32505/240.19 miColne Bank Avenue, Colchester2
£99503/240.2 miSt. Pauls Road, Colchester, Essex, CO12
£2,70804/250.22 mi-2
£1,20010/230.23 miNorth Colchester2
£1,20003/240.23 miLeonard Place, Clarendon Way2
£1,10003/240.24 miMorten Road, Colchester2
£1,05005/240.24 miMorten road, Colchester, CO12
£1,10012/240.24 miGroves Close, Colchester, Essex, CO42
£1,15001/240.24 mi-2
£1,20004/250.25 mi-2
£97503/240.25 miWalking Distance Of Town And Station2
£1,15004/240.25 miMorten Road, Colchester, Essex, CO12
£1,15005/240.26 miAlbert Street, Colchester, Essex, CO12
£1,00012/240.28 miBergholt Road, Colchester2
£1,20001/250.28 mi-2
£1,00012/240.29 miBraithwaite Drive, Turner Road, Colchester, Essex, CO42
£1,20003/240.3 miRotary Way, Colchester, CO32
£1,15003/240.3 miRotary Way, Colchester2
£1,25005/240.3 miRotary Way, Colchester2
£1,30012/240.3 miPrior Way, Colchester, Essex, CO42
£99510/230.3 miRotary Way Colchester2
£92503/240.3 miAlbert Street, Colchester, Essex2
£85003/240.3 miAlbert Street, Colchester, Essex, CO12
£95005/240.3 miAlbert Street, Colchester, Essex2
£1,10003/240.3 miAlbert Street, Colchester, Essex, CO12
£1,20004/250.31 mi-2
£1,09503/240.31 miRotary Way, Colchester, CO3 3LG2
£1,20005/240.31 miRotary Way, Colchester, CO32
£1,20005/240.31 mi-2
£1,25002/240.31 mi-2
£1,10012/240.31 miNorth Colchester2
£1,05003/240.31 miVictoria Chase, Colchester2
£99512/240.32 miBradford Drive, Colchester2
£1,10012/240.32 mi-2

Local Area Statistics

Population in CO1

15,333

Population in Colchester

214,734

Town centre distance

0.83 miles away

Nearest school

0.30 miles away

Nearest train station

0.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £150,000

December 26, 2024

Price changed to £160,000

October 25, 2024

Listed for £170,000

October 3, 2024

Floor Plans

Description

  • TWO BEDROOMS +
  • ALLOCATED PARKING +
  • CLOSE TO NORTH STATION +
  • GOOD ACCESS TO A12 +
  • CLOSE TO CITY CENTRE +
  • NO ONWARD CHAIN +
  • NEW TRIPLE GLAZING +

SUMMARY
Favourably positioned next to Colchester's mainline train station this two bedroom apartment offers a fantastic oppurtunity for a wide range of potential buyers.

DESCRIPTION
Introducing a stunning two-bedroom ground floor apartment located in the prime area of North Colchester. This desirable apartment is available immediately and is being sold with NO ONWARD CHAIN.

Upon entering, you'll be greeted by a spacious lounge/diner, illuminated by a Juliette balcony that bathes the room in natural light. The living room provides a cozy and inviting atmosphere.

Adjacent to the living room, you'll find a modern kitchen equipped with all the necessary appliances, making meal preparation a breeze. The seamless flow between the living and kitchen areas allows for easy entertaining and socialising.

Both bedrooms in this apartment are generously sized doubles.

The bathroom features a fitted three-piece suite, providing a comfortable and stylish environment for your daily routines.

This property is ideal for professionals seeking convenient access to London, as North Colchester Station is just a stone's throw away. Additionally, Colchester city centre can be reached within a leisurely 15-minute walk, offering a vibrant array of amenities.

Call now to view.

Entrance Hall  

Bedroom 2  13' x 7' 9" ( 3.96m x 2.36m )

Bathroom 5' 8" x 7' 6" ( 1.73m x 2.29m )

Bedroom 1 10' x 14' 8" ( 3.05m x 4.47m )

Living Room 16' x 18' 4" ( 4.88m x 5.59m )

Kitchen 10' 9" x 7' 6" ( 3.28m x 2.29m )

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: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Colchester

01206 586060

Next Steps?

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