2 Bed Flat, Single Let, Colchester, CO1 1ZY, £160,000

Claremont Heights, Colchester, CO1 1ZY - 2 views - 6 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~68 m²
+2 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£197,153
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Total Cash In

£46,000

 

 

Cash Out

 

Rent Range

£825 - £2,708

Rent Estimate

£925

Running Costs/mo

£705

Cashflow/mo

£220

Cashflow/yr

£2,640

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 
£160K12/220.01 mi134, Claremont Heights, Colchester, Essex CO1 1ZY2
£150K12/200.07 mi29, Claremont Heights, Colchester, Essex CO1 1ZU2
£143K12/200.07 mi48, Claremont Heights, Colchester, Essex CO1 1ZU2
£163K12/200.17 mi6, Rowan Place, Colchester, Essex CO1 1AJ2
£158K04/210.17 mi44, Clarendon Way, Colchester, Essex CO1 1AG2
£177K09/210.17 mi74, Clarendon Way, Colchester, Essex CO1 1AG2
£191.5K04/210.17 mi72, Clarendon Way, Colchester, Essex CO1 1AG2
£220K12/220.17 mi34, Clarendon Way, Colchester, Essex CO1 1AG2
£197.5K02/210.17 mi12, Clarendon Way, Colchester, Essex CO1 1AG2
£165K03/210.17 mi42, Clarendon Way, Colchester, Essex CO1 1AG2
£210K06/230.17 mi24, Clarendon Way, Colchester, Essex CO1 1AG2
£165K06/230.25 mi36, Groves Close, Colchester, Essex CO4 5BP2
£180K10/220.25 mi17, Groves Close, Colchester, Essex CO4 5BP2
£180K06/230.25 mi31, Groves Close, Colchester, Essex CO4 5BP2
£179K11/220.25 mi23, Groves Close, Colchester, Essex CO4 5BP2
£175K08/210.29 mi148, Rotary Way, Colchester, Essex CO3 3LG2
£232.5K07/230.29 mi59, Rotary Way, Colchester, Essex CO3 3LJ2
£173K10/220.29 mi80, Rotary Way, Colchester, Essex CO3 3LG2
£160K04/210.29 mi27, Rotary Way, Colchester, Essex CO3 3LJ2
£215K11/220.29 mi112, Rotary Way, Colchester, Essex CO3 3LG2
£171K11/220.3 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
£185K09/220.34 mi86, Victoria Chase, Colchester, Essex CO1 1WN2
£185K03/230.34 mi58, Bradford Drive, Colchester, Essex CO4 5ZA2
£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
£190K01/230.38 mi102, Sheepen Place, Colchester, Essex CO3 3LT2
£180K02/210.41 mi87, Propelair Way, Colchester, Essex CO4 5YT2
£200K07/230.41 mi99, Propelair Way, Colchester, Essex CO4 5YT2
£166K11/200.41 mi125, Propelair Way, Colchester, Essex CO4 5YT2
£200K03/230.41 mi129, Propelair Way, Colchester, Essex CO4 5YT2
£179.5K08/210.42 mi13, Propelair Way, Colchester, Essex CO4 5YS2
£197K12/220.44 mi19, Propelair Way, Colchester, Essex CO4 5YS2
£200K01/210.45 mi187, Turner Road, Colchester, Essex CO4 5XW2
£164K01/210.46 mi19, Wallace Road, Colchester, Essex CO4 5GP2
£170K02/210.46 mi8, Wallace Road, Colchester, Essex CO4 5GP2
£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
£210K12/220.51 mi6, Axial Drive, Colchester, Essex CO4 5RY2
£150K03/210.51 miFlat 25, Stuart House, St Peters Street, Colchester, Essex CO1 1BQ2
£156.5K06/230.51 miFlat 30, Stuart House, St Peters Street, Colchester, Essex CO1 1BQ2
£150K11/220.57 mi30, Nunns Road, Colchester, Essex CO1 1EJ2
£307K12/220.6 mi61, Henry Laver Court, Colchester, Essex CO3 3DY2
£203K11/210.61 mi87, Henry Laver Court, Colchester, Essex CO3 3DY2
£190K03/230.65 miFlat 3, Salter Court, St Marys Fields, Colchester, Essex CO3 3FF2
£177.5K11/210.74 mi3, Linnet Mews, Colchester, Essex CO4 5NB2
£177.5K11/210.74 mi3, Linnet Mews, Colchester, Essex CO4 5NB2

Local Rents

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

RentDateDistanceAddressBeds 
£1,00004/240.01 miClaremont Heights, Colchester2
£1,00012/240.01 miClaremont Heights, Colchester2
£82504/240.03 miClaremont Heights, Colchester, Essex2
£99503/240.03 miClaremont Heights, Colchester, CO12
£1,20004/240.06 miChiltern Close, Colchester2
£95003/240.13 miClarendon Way, Colchester, Essex, CO12
£95003/240.13 miClarendon Way, Colchester, Essex, CO12
£1,30012/240.15 miBergholt Road, Colchester, Essex, CO42
£1,25002/240.16 mi-2
£1,20001/250.16 mi-2
£1,05003/240.17 miRowan Place, Colchester, Essex2
£1,05005/240.17 miClarendon Way, CO1, Colchester 2
£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
£2,70804/250.23 mi-2
£1,10003/240.24 miMorten Road, Colchester2
£1,05005/240.24 miMorten road, Colchester, CO12
£1,20010/230.25 miNorth Colchester2
£1,20003/240.25 miLeonard Place, Clarendon Way2
£1,10012/240.25 miGroves Close, Colchester, Essex, CO42
£1,15004/240.26 miMorten Road, Colchester, Essex, CO12
£97503/240.26 miWalking Distance Of Town And Station2
£1,15001/240.27 mi-2
£1,20004/250.27 mi-2
£1,15005/240.27 miAlbert Street, Colchester, Essex, CO12
£1,00012/240.27 miBergholt Road, Colchester2
£1,20003/240.29 miRotary Way, Colchester, CO32
£1,15003/240.29 miRotary Way, Colchester2
£1,25005/240.29 miRotary Way, Colchester2
£99510/230.29 miRotary Way Colchester2
£1,20001/250.3 mi-2
£1,20004/250.3 mi-2
£1,09503/240.3 miRotary Way, Colchester, CO3 3LG2
£1,20005/240.3 miRotary Way, Colchester, CO32
£1,20005/240.3 mi-2
£1,30012/240.3 miPrior Way, Colchester, Essex, CO42
£1,05003/240.31 miVictoria Chase, Colchester2
£92503/240.31 miAlbert Street, Colchester, Essex2
£85003/240.31 miAlbert Street, Colchester, Essex, CO12
£95005/240.31 miAlbert Street, Colchester, Essex2
£1,10003/240.31 miAlbert Street, Colchester, Essex, CO12
£1,25002/240.31 mi-2
£1,00012/240.32 miBraithwaite Drive, Turner Road, Colchester, Essex, CO42
£1,10012/240.33 miNorth Colchester2
£99512/240.33 miBradford Drive, Colchester2
£95012/240.34 miBradford Drive, Colchester, Essex2

Local Area Statistics

Population in CO1

15,333

Population in Colchester

214,734

Town centre distance

0.82 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

Listed for £160,000

October 24, 2024

Floor Plans

Description

  • TWO BEDROOM +
  • 1ST FLOOR APARTMENT +
  • JULIETTE BALCONY +
  • ALLOCATED PARKING +
  • WALK TO STATION +
  • EASY ACCESS TO CITY CENTRE +
  • MANY LOCAL AMENITIES +
  • COUNCIL TAX BAND B £1609 +
  • SERVICE CHARGE £886pa +
  • EPC RATING C +

This rarely avaliable two bedroom first floor apartment can be found in the popular Claremont Heights development which is within easy reach of Colchester's North Station. This well-proportioned property benefits from double glazing, a fitted kitchen, a white fully tiled bathroom with a shower, a good sized double bedroom with fitted wardrobes. Patio doors open from the lounge onto a West facing Juliette balcony. It is offered with communal gardens and an allocated parking space. VIEWING ADVISED.

Claremont Heights has long been considered one of the best located block of flats for access to North Station and ideal for the commuter. The train station has direct links to London's Liverpool Street which can easily be reached in under an hour. The area also offers major bus routes to Colchester’s busy city centre where there are many amenities, which include shops; restaurants; theaters and cinema. The local Asda superstore is only a short walk away.

ENTRANCE HALLWAY - 18'4'' x 3' (5.6m x 0.9m)
Heater, security entry phone, airing cupboard, storage cupboard, telephone point.

LOUNGE - 18'2'' x 9'8'' (5.5m x 2.9m)
Heater, television point, patio doors to Juliette balcony.

KITCHEN - 8'5'' x 5'8'' (2.6m x 1.7m)
A range of cupboards and drawers under a rolled edge worktop with brick style tiled splashbacks and wall mounted units above. One and a half bowl stainless steel sink with drainer and mixer tap. Four ringed hob with oven under and extractor above. Plumbing for washing machine, space for fridge/freezer, tiled floor, window to front.

BEDROOM - 1 - 13' x 8'6'' (4m x 2.6m)
Double fitted wardrobe with mirrored sliding doors, heater, window to front.

BATHROOM - 6'3'' x 5'7'' (1.9m x 1.7m)
Low level WC, pedestal hand wash basin, panelled bath with mixer tap and shower attachment. Patterned tiled splashbacks, heater, extractor.

BEDROOM - 2 - 10'10'' x 7' (3.3m x 2.1m)
Heater, window to front.

OUTSIDE -
There are communal gardens and an allocated parking space.

AGENTS NOTE -
Length of Lease - 91 years
Service Charge - 2 x £443 = £886 p.a.
Ground Rent - 2 x £25 = £50 p.a.

Local Authority - Colchester City Council.

Broadband Availability - Ultrafast Broadband available with speeds of up to 1000 Mbps (details obtained from Ofcom Mobile and Broadband Checker) - October 2024.
Mobile Coverage - It is understood that the best available service in the area is provided by O2 AND EE with likely and THREE AND VODAFONE with limited indoor coverage while, O2, THREE, VODAPHONE AND EE all have likely outdoor coverage (details obtained from Ofcom Mobile and Broadband Checker) October 2024.

Utilities - Mains Electric / Mains Water /Mains Sewerage.

Construction Type - We understand the property to be of Traditional Construction of brick.

Flood Risk - Data Taken from Gov.UK Flood Map - checked October 2024 - The property is at very low risk of flooding.

Planning Applications in the Immediate Locality - Checked October 2024 - We are not aware of any planning applications in the immediate locality.

MONEY LAUNDERING REGULATIONS - Please be advised that all purchasers will need to adhere to currents laws of money laundering and therefore will need to provide Boydens Estate Agents photographic identification and proof of residency identification before any transaction is started to comply with the legislation.

Agent Details

Boydens, Colchester

01206 586167

Next Steps?

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