2 Bed Flat, Single Let, Colchester, CO1 2ZD, £180,000

Grosvenor Place, East Street, CO1 2ZD - 1 views - 5 months ago

Leasehold
BTL
ROI: 3%
~88 m²
+10 photos

ValuationUndervalued

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

 

 

Square Metres

~88.49 m²
Price/m²£2K/m²

Value Estimate

£217,800
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£11,300

Total Cash In

£56,300

 

 

Cash Out

 

Rent Range

£775 - £2,850

Rent Estimate

£900

Running Costs/mo

£763

Cashflow/mo

£138

Cashflow/yr

£1,650

ROI

3%

Gross Yield

6%

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
£240K10/220.01 mi22, Grosvenor Place, Colchester, Essex CO1 2ZD2
£245K05/210.04 miFlat 25, The Mill Apartments, East Street, Colchester, Essex CO1 2QT2
£197.5K02/230.08 mi32, Rouse Way, Colchester, Essex CO1 2TT2
£250K07/230.08 mi25, Rouse Way, Colchester, Essex CO1 2TT2
£175K06/210.08 mi24, Rouse Way, Colchester, Essex CO1 2TT2
£200K03/210.08 mi26, Rouse Way, Colchester, Essex CO1 2TT2
£185K02/230.08 mi17, Rouse Way, Colchester, Essex CO1 2TT2
£143K12/200.24 mi106, St Andrews Gardens, Colchester, Essex CO4 3EH2
£190K09/220.24 mi4, York Place, Colchester, Essex CO1 2RF2
£145K02/210.29 mi15, St Augustine Mews, Colchester, Essex CO1 2PF2
£167K11/220.3 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
£140K12/200.43 mi140a, Ipswich Road, Colchester, Essex CO4 0AF2
£90K05/210.44 mi5, The Dell, Colchester, Essex CO1 2YH2
£158.5K01/210.44 mi13, King Cole Place, Colchester, Essex CO4 0BA2
£137K06/230.46 mi12a, Rayleigh Close, Colchester, Essex CO4 0AT2
£180K08/230.46 mi14, Rayleigh Close, Colchester, Essex CO4 0AT2
£145K12/200.46 mi7a, Rayleigh Close, Colchester, Essex CO4 0AT2
£182K07/230.46 mi4, Tarrett Drive, Colchester, Essex CO1 2NJ2
£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
£110K07/210.54 mi10, Suffolk Close, Colchester, Essex CO4 0AY2
£102.5K07/230.54 mi26, Suffolk Close, Colchester, Essex CO4 0AY2
£165K06/210.55 miFlat 5, Ravenswood, New Town Road, Colchester, Essex CO1 2EG2
£148K06/230.61 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
£165K05/230.73 mi20, Dewberry Close, Colchester, Essex CO4 3RT2
£145K09/210.75 miFlat 19, Charles House, St Peters Street, Colchester, Essex CO1 1BY2
£162K10/210.75 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
£1,35003/240.04 miThe Mill Apartments, East Street, Colchester, Essex, CO12
£1,35005/240.04 miThe Mill Apartments, East Street, Colchester, Essex, CO12
£1,00003/240.06 miEast Street, Colchester2
£1,00003/240.06 miEast Street, Colchester2
£95003/240.08 miGrays Cottages, Colchester2
£95003/240.08 miGrays Cottages, Colchester2
£1,15003/240.08 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
£82510/230.14 miEast Street, Colchester, Essex, CO12
£1,00003/240.14 miThe Coach House, East Street, CO12
£1,10003/240.15 miEast Hill, Colchester Town2
£1,00005/240.17 miBrook Street, COLCHESTER2
£96004/240.17 miBrook Street, Colchester, CO12
£96004/240.17 mi-2
£1,05004/250.17 mi-2
£1,10004/240.19 mi-2
£1,20002/250.2 mi-2
£1,20012/240.24 miSt Andrews Gardens, Colchester2
£95012/240.24 miSt. Andrews Court, Colchester2
£90003/240.24 miBrook Street,Colchester2
£95003/240.24 miEast Hill, Colchester, CO12
£95004/240.24 miEast Hill, Colchester, CO12
£1,25005/240.24 miSmythies Avenue, Colchester, CO12
£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
£1,10004/250.4 mi-2
£77501/240.41 mi-2
£1,30004/250.41 mi-2
£1,10003/240.41 miGeorge Williams Way, Colchester, Essex, CO12
£1,00005/240.42 miBarrack Street, Colchester2

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 £180,000

March 24, 2025

Price changed to £190,000

February 28, 2025

Price changed to £200,000

January 31, 2025

Listed for £210,000

December 4, 2024

Floor Plans

Description

  • Ground Floor Apartment +
  • Modern Spec Kitchen +
  • Secure Gated Parking +
  • Two Double Bedrooms +
  • Heated Swimming Pool +
  • Gas Central Heating +
  • Double Glazed Windows +
  • Ensuite Shower Room +
  • Open Plan Lounge/Diner +
  • Available Now! +

Martin & Co are pleased to present this MODERN, two double bedroom, ground floor riverside apartment, with secure gated parking, access to the heated indoor swimming pool and is within easy walking distance to Colchester Castle park and City centre. Viewings by appointment only! 

LOUNGE/DINER An open plan lounge/diner area with laminate flooring, dual aspect double glazed windows and a fitted gas fired radiator. 

KITCHEN/DINER A modern spec kitchen with laminate flooring and fitted lighting.

The kitchen comes with a gas hob, an electric oven, a stainless steel extractor, a 60/40 split fridge freezer, a washing machine, a dishwasher and plenty of cupboard/surface space. 

PRIMARY BEDROOM A large double bedroom with fitted carpets, a double glazed window, a built in triple wardrobe, a gas fired radiator and access to the ensuite shower room. 

ENSUITE SHOWER ROOM A neutral style ensuite shower room with tiled flooring, a wash basin, a wall hung toilet, a shower cubicle and a stainless steel heated towel rack. 

BEDROOM TWO A second double bedroom with fitted carpets, a double glazed window and a gas fired radiator. 

BATHROOM A neutral theme bathroom with tiled flooring, a wash basin, a wall hung toilet, a P-Shaped bath with an over the bath shower and fitted shower screen. 

This property also benefits with a secure allocated gated parking space, access to the residents heated indoor swimming pool and within close proximity to the Castle park and local supermarket. 

*Please be advised that the sales details for this property are for a general guide only and all the measurements and areas are approximate which do not constitute part or all of an offer/contract.*

Agent Details

Martin & Co, Colchester

01206 586115

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪