2 Bed Flat, Single Let, Colchester, CO1 2ZD, £200,000

Grosvenor Place, Colchester, CO1 2ZD - 2 views - 6 months ago

Sold STC
Leasehold
BTL
ROI: 1%
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£90K - £268K
Sold Prices/m²£1.5K/m² - £3.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£177,912

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£62,700

 

 

Cash Out

 

Rent Range

£775 - £2,850

Rent Estimate

£900

Running Costs/mo

£825

Cashflow/mo

£75

Cashflow/yr

£900

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £90K to £268K, average is £160.5K. £1.5K/m² to £3.9K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£217.5K04/210 mi49, Grosvenor Place, Colchester, Essex CO1 2ZD2
£170K03/210 mi14, Grosvenor Place, Colchester, Essex CO1 2ZD2
£197.5K03/230 mi29, Grosvenor Place, Colchester, Essex CO1 2ZD2
£240K10/220.02 mi22, Grosvenor Place, Colchester, Essex CO1 2ZD2
£245K05/210.04 miFlat 25, The Mill Apartments, East Street, Colchester, Essex CO1 2QT2
£197.5K02/230.09 mi32, Rouse Way, Colchester, Essex CO1 2TT2
£250K07/230.09 mi25, Rouse Way, Colchester, Essex CO1 2TT2
£175K06/210.09 mi24, Rouse Way, Colchester, Essex CO1 2TT2
£200K03/210.09 mi26, Rouse Way, Colchester, Essex CO1 2TT2
£185K02/230.09 mi17, Rouse Way, Colchester, Essex CO1 2TT2
£190K09/220.24 mi4, York Place, Colchester, Essex CO1 2RF2
£143K12/200.24 mi106, St Andrews Gardens, Colchester, Essex CO4 3EH2
£145K02/210.29 mi15, St Augustine Mews, Colchester, Essex CO1 2PF2
£167K11/220.31 mi30, Ratcliffe Court, Colchester, Essex CO4 0AZ2
£162K05/210.34 mi12, Saw Mill Road, Colchester, Essex CO1 2ZQ2
£150K01/210.36 mi141, George Williams Way, Colchester, Essex CO1 2JR2
£176K07/230.36 mi139, George Williams Way, Colchester, Essex CO1 2JR2
£171K12/220.36 mi191, George Williams Way, Colchester, Essex CO1 2JR2
£161K08/210.4 mi78, George Williams Way, Colchester, Essex CO1 2JZ2
£146.5K01/210.4 mi42, George Williams Way, Colchester, Essex CO1 2JZ2
£150K06/210.4 mi24, George Williams Way, Colchester, Essex CO1 2JZ2
£150K11/200.4 mi5, George Williams Way, Colchester, Essex CO1 2JP2
£159K05/210.4 mi81, George Williams Way, Colchester, Essex CO1 2JP2
£150K03/210.41 mi101, Nicholsons Grove, Colchester, Essex CO1 2XT2
£160K09/220.42 mi45, George Williams Way, Colchester, Essex CO1 2JP2
£155K03/210.43 mi154, Ipswich Road, Colchester, Essex CO4 0AF2
£90K05/210.43 mi5, The Dell, Colchester, Essex CO1 2YH2
£140K12/200.43 mi140a, Ipswich Road, Colchester, Essex CO4 0AF2
£158.5K01/210.45 mi13, King Cole Place, Colchester, Essex CO4 0BA2
£182K07/230.47 mi4, Tarrett Drive, Colchester, Essex CO1 2NJ2
£137K06/230.47 mi12a, Rayleigh Close, Colchester, Essex CO4 0AT2
£180K08/230.47 mi14, Rayleigh Close, Colchester, Essex CO4 0AT2
£145K12/200.47 mi7a, Rayleigh Close, Colchester, Essex CO4 0AT2
£140K03/210.47 mi155, Hythe Hill, Colchester, Essex CO1 2NG2
£140K03/210.47 mi155, Hythe Hill, Colchester, Essex CO1 2NG2
£165K05/210.47 mi156, Hythe Hill, Colchester, Essex CO1 2NG2
£268K10/210.47 mi25, Hythe Hill, Colchester, Essex CO1 2NB2
£165K06/230.51 mi18, Haddon Park, Colchester, Essex CO1 2GX2
£120K01/210.51 mi18, Haddon Park, Colchester, Essex CO1 2GX2
£110K07/210.55 mi10, Suffolk Close, Colchester, Essex CO4 0AY2
£102.5K07/230.55 mi26, Suffolk Close, Colchester, Essex CO4 0AY2
£165K06/210.55 miFlat 5, Ravenswood, New Town Road, Colchester, Essex CO1 2EG2
£148K06/230.62 mi7, Alyssum Walk, Colchester, Essex CO4 3RW2
£163.5K10/200.7 mi9, Cooper Walk, Colchester, Essex CO4 3RU2
£150K03/210.71 miFlat 25, Stuart House, St Peters Street, Colchester, Essex CO1 1BQ2
£156.5K06/230.71 miFlat 30, Stuart House, St Peters Street, Colchester, Essex CO1 1BQ2
£165K05/230.74 mi20, Dewberry Close, Colchester, Essex CO4 3RT2
£145K09/210.74 miFlat 19, Charles House, St Peters Street, Colchester, Essex CO1 1BY2
£162K10/210.74 miFlat 18, Charles House, St Peters Street, Colchester, Essex CO1 1BY2
£150K11/220.75 mi30, Nunns Road, Colchester, Essex CO1 1EJ2

Local Rents

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

RentDateDistanceAddressBeds 
£1,15003/240 miGrosvenor Place, Colchester2
£1,15004/240 miGrosvenor Place, 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
£1,00003/240.06 miEast Street, Colchester2
£1,00003/240.07 miEast Street, Colchester2
£95003/240.08 miGrays Cottages, Colchester2
£95003/240.08 miGrays Cottages, Colchester2
£1,15003/240.09 miRouse Way, Colchester, Essex, CO12
£1,00003/240.1 miIpswich Road, Colchester, Essex, CO12
£1,10005/240.1 miIpswich Road, COLCHESTER2
£85003/240.12 miOld Coach House, Old Coach Road, Colchester2
£1,00003/240.14 miThe Coach House, East Street, CO12
£82510/230.14 miEast Street, Colchester, Essex, CO12
£1,10003/240.15 miEast Hill, Colchester Town2
£1,00005/240.16 miBrook Street, COLCHESTER2
£96004/240.16 miBrook Street, Colchester, CO12
£96004/240.16 mi-2
£1,05004/250.16 mi-2
£1,10004/240.19 mi-2
£1,20002/250.19 mi-2
£95003/240.24 miEast Hill, Colchester, CO12
£95004/240.24 miEast Hill, Colchester, CO12
£90003/240.24 miBrook Street,Colchester2
£1,25005/240.24 miSmythies Avenue, Colchester, CO12
£1,20012/240.24 miSt Andrews Gardens, Colchester2
£95012/240.24 miSt. Andrews Court, Colchester2
£1,10005/240.29 miGrantham Court, Colchester2
£1,15004/240.3 miOld Rectory Drive, Brook Street, Colchester, CO12
£98501/250.31 mi-2
£2,85003/240.31 mi-2
£1,10003/240.33 miSaw Mill Road, Colchester, Essex, CO12
£1,04503/240.36 miSimons Lane, Colchester2
£1,05003/240.36 miGeorge Williams Way,Colchester,CO12
£1,00003/250.37 mi-2
£1,05001/250.37 mi-2
£1,25005/240.38 mi-2
£1,25005/240.38 miGreenstead Road, Colchester, CO12
£1,15003/240.39 miCastle Road, Colchester, Essex, CO12
£95004/240.4 miMagdalen Street, Colchester, Essex2
£1,00003/240.4 miGeorge Williams Way, Colchester2
£1,00004/240.4 miGeorge Williams Way, Colchester2
£1,20004/240.4 miCentral Colchester2
£1,10003/240.4 miGeorge Williams Way, Town Centre2
£1,20003/250.4 mi-2
£1,30004/250.41 mi-2
£1,10003/240.41 miGeorge Williams Way, Colchester, Essex, CO12
£77501/240.41 mi-2
£1,00005/240.42 miBarrack Street, Colchester2
£1,17501/240.43 mi-2

Local Area Statistics

Population in CO1

15,333

Population in Colchester

214,734

Town centre distance

1.21 miles away

Nearest school

0.10 miles away

Nearest train station

0.56 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £200,000

January 31, 2025

Listed for £210,000

October 9, 2024

Floor Plans

Description

  • NO ONWARD CHAIN +
  • TWO DOUBLE BEDROOMS +
  • EN-SUITE TO MASTER +
  • LOUNGE WITH BALCONY +
  • MODERN FITTED KITCHEN +
  • ALLOCATED GATED PARKING +
  • PRIVATE SWIMMING POOL +
  • POPULAR EDGE OF CITY LOCATION +

SUMMARY
A spectacular apartment, with a private swimming pool, located on the edge of Colchester's historic city centre.

DESCRIPTION
NO ONWARD CHAIN

Offered with no onward chain, this exceptional apartment is presented in immaculate condition.
Comprising a welcoming entrance way, two double bedrooms, en-suite to master, bathroom and a wonderful kitchen/diner, which is open to the comfortable lounge. The lounge opens onto the balcony, with sensational views. Tastefully decorated by the current owners, the home is now ready to move into and start making fresh memories.
With convenient access to surrounding amenities, the lifestyle this property offers is unparalleled. The apartment has access to a well maintained and private swimming pool, strictly for residents only. As well as a gated and private parking space.

Within walking distance are an array of local and mainstream, dining, leisure and retail facilities. Colchester's train stations are a short stroll away, with direct services into London within an hour, the A12 corridor is also easily accessible, making this an ideal purchase for those looking to commute for work or pleasure.

With so much on offer, this is a must view, please call Connells to arrange your private viewing.

Entrance Hall 

Bedroom One 9' 9" x 12' 11" ( 2.97m x 3.94m )

En-Suite 

Bedroom Two 7' 2" x 13' 8" ( 2.18m x 4.17m )

Bathroom 6' 3" x 8' 7" ( 1.91m x 2.62m )

Lounge / Diner 10' 7" x 15' 2" ( 3.23m x 4.62m )

Balcony 

Allocated Parking Space 

Changing Room 

Private Swimming Pool  

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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