4 Bed Flat, Single Let, Colchester, CO4 3TZ, £130,000

Avon Way, Colchester, CO4 3TZ - 9 views - 5 months ago

Leasehold

BTL

ROI: 17%

~129 m²

+7 photos

Valuation

Sold Prices	£432K - £432K
Sold Prices/m²	£3.6K/m² - £3.6K/m²

Square Metres	~129.26 m²
Price/m²	£1K/m²

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£32,500£32,500
Stamp Duty & Legal Fees	£5,100£5,100
Total Cash In	£37,600£37,600

Cash Out
Rent Range	£1,050 - £2,550£1,050 - £2,550
Rent Estimate	£1,200
Running Costs/mo	£666£666
Cashflow/mo	£534£534
Cashflow/yr	£6,405£6,405
ROI	17%17%
Gross Yield	11%11%

Local Sold Prices

1 sold prices from £432K to £432K, average is £432K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£432K	01/21	2.95 mi	19, Brook Hall Road, Fingringhoe, Colchester, Essex CO5 7DG	£3,570	121	4	Flat

Local Rents

50 rents from £1.1K/mo to £2.5K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,395	12/24	0.04 mi	-	3	Terraced House
£1,300	12/24	0.04 mi	Leam Close, CO4 3TE	3	Flat
£1,395	05/24	0.05 mi	-	3	Terraced House
£1,400	12/24	0.05 mi	-	3	Terraced House
£1,650	12/24	0.05 mi	Stevens Walk, Colchester, Essex, CO4	4	Flat
£1,050	12/24	0.05 mi	Stevens Walk, Colchester, Essex, CO4	3	Terraced House
£1,350	12/24	0.06 mi	Magnolia Drive, Colchester, Essex, CO4	3	Detached House
£1,295	12/24	0.06 mi	Pickford Walk, Greenstead, Colchester	3	Flat
£1,650	12/24	0.06 mi	Holborough Close, Colchester, Essex, CO4	4	Detached House
£1,300	12/24	0.06 mi	Leam Close, CO4 3TE	3	Flat
£1,395	12/24	0.06 mi	-	3	Terraced House
£1,760	12/24	0.07 mi	Leam Close, Greenstead, CO4	4	Flat
£1,760	12/24	0.07 mi	Leam Close, CO4 3TE	4	Flat
£2,280	12/24	0.09 mi	Thorpe Walk, Colchester, Essex	6	Flat
£1,400	12/24	0.1 mi	Magnolia Drive, , Colchester	5	Flat
£2,000	12/24	0.1 mi	Magnolia Drive, Colchester, Essex	5	Flat
£1,400	12/24	0.1 mi	Magnolia Drive, , Colchester	4	Flat
£2,400	12/24	0.11 mi	Antonio Walk,Colchester,CO4	6	Flat
£2,000	12/24	0.13 mi	Rosalind Close, Colchester, Essex, CO4	5	Detached House
£1,200	12/24	0.13 mi	Greenstead	3	Flat
£1,200	12/24	0.14 mi	Titania Close, Colchester, Essex, CO4	3	Terraced House
£1,675	12/24	0.14 mi	Titania Close, Colchester, Essex, CO4	4	Terraced House
£2,000	12/24	0.14 mi	Titania Close, Colchester, Essex, CO4	5	Terraced House
£1,875	12/24	0.14 mi	Titania Close, Colchester, Essex, CO4	5	Flat
£1,650	12/24	0.14 mi	Titania Close, Colchester, Essex, CO4	4	Flat
£1,650	12/24	0.14 mi	Titania Close, Colchester, Essex, CO4	4	Terraced House
£2,550	12/24	0.14 mi	Cyril Child Close, Colchester, Essex	6	Flat
£1,450	12/24	0.14 mi	Magnolia Drive, Colchester, Essex, CO4	5	Detached House
£1,250	12/24	0.14 mi	Cyril Child Close, Colchester, Essex, CO4	4	Flat
£1,850	12/24	0.14 mi	Cyril Child Close, Colchester, Essex, CO4	5	Flat
£1,760	12/24	0.14 mi	Cyril Child Close, Colchester, Essex, CO4	4	Flat
£1,600	12/24	0.14 mi	Cyril Child Close, Colchester, Essex, CO4	4	Terraced House
£2,065	12/24	0.14 mi	Macbeth Close, Colchester, Essex, CO4	5	Detached House
£1,650	12/24	0.15 mi	Ariel Close, Colchester, Essex, CO4	4	Terraced House
£1,500	12/24	0.15 mi	Miranda Walk,Colchester,CO4	3	Terraced House
£1,400	12/24	0.16 mi	Titania Close, CO4 3TB	4	Flat
£1,300	12/24	0.16 mi	Titania Close, Colchester, Essex	3	Flat
£2,200	05/24	0.16 mi	-	6	Terraced House
£2,200	12/24	0.16 mi	Stanley Wooster Way, Colchester, CO4	6	Terraced House
£1,400	12/24	0.17 mi	-	3	Flat
£1,500	12/24	0.17 mi	Sebastian Close,Colchester,CO4	3	Terraced House
£2,200	01/25	0.18 mi	-	4	Semi-Detached House
£1,290	12/24	0.18 mi	Sebastian Close, Colchester, Essex	3	Flat
£1,100	12/24	0.19 mi	Avon Way, Colchester, Essex, CO4	3	Flat
£1,300	12/24	0.19 mi	-	3	Flat
£1,300	04/25	0.19 mi	-	3	Flat
£1,400	12/24	0.2 mi	Charles Pell Road, Colchester, Essex, CO4	4	Terraced House
£1,850	12/24	0.2 mi	Charles Pell Road, Colchester, Essex, CO4	5	Detached House
£1,250	12/24	0.2 mi	Charles Pell Road, Colchester, Essex, CO4	4	Detached House
£1,500	12/24	0.2 mi	Avon Way, , Colchester	4	Flat

Local Area Statistics

Population in CO4	47,78947,789
Population in Colchester	214,734214,734
Town centre distance	2.42 miles away2.42 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.70 miles away0.70 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-16%-16%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+16%+16%

Property History

Listed for £130,000

November 27, 2024

Floor Plans

Description

Investment Only +
Students Only +
Ground Floor Apartment +
Fantastic Potential Yield Return +
Four Bedrooms +
Close To University +
Four Bedrooms +
No Onward Chain +

Student Let Only Calling all smart investors! An ideal student let opportunity awaits, situated within walking distance of Essex University, we expect with a NET YIELD to be in excess of 15%. (Further information on this to follow).

Explore the potential of this student-friendly investment. The strategic location within walking distance of Essex University makes it an ideal choice for student accommodation. Currently managed by Beyond The Box, this property not only offers a hassle-free investment but also boasts fantastic communal areas. From a studio to spaces for table tennis and quiet study, it caters to the diverse needs of today's students.

Imagine owning a property that not only attracts students but is also efficiently managed, providing you with peace of mind. Beyond The Box takes care of all property management, ensuring a seamless experience for both you and the tenants. This isn't just an investment; it's an opportunity to tap into the lucrative student housing market with a property that stands out.

Don't miss out on this exciting opportunity! If you're looking for your next investment, especially in the lucrative student rental market, this four-bedroom apartment is a must-see. Contact us now to secure your viewing and explore the potential of this well-managed, student-friendly property. Your next smart investment is just a call away – make the move to elevate your investment portfolio today.