2 Bed Flat, Single Let, Colchester, CO1 2PS, £140,000

Eaglegate, East Hill, Colchester, CO1 2PS - 6 views - 4 months ago

Leasehold
BTL
ROI: 8%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£90K - £268K
Sold Prices/m²£1.5K/m² - £4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£170,800
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£900 - £1,450

Rent Estimate

£900

Running Costs/mo

£638

Cashflow/mo

£263

Cashflow/yr

£3,150

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £90K to £268K, average is £161.5K. £1.5K/m² to £4K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£145K02/210.11 mi15, St Augustine Mews, Colchester, Essex CO1 2PF2
£190K09/220.18 mi4, York Place, Colchester, Essex CO1 2RF2
£245K05/210.2 miFlat 25, The Mill Apartments, East Street, Colchester, Essex CO1 2QT2
£217.5K04/210.22 mi49, Grosvenor Place, Colchester, Essex CO1 2ZD2
£170K03/210.22 mi14, Grosvenor Place, Colchester, Essex CO1 2ZD2
£197.5K03/230.22 mi29, Grosvenor Place, Colchester, Essex CO1 2ZD2
£150K03/210.23 mi101, Nicholsons Grove, Colchester, Essex CO1 2XT2
£240K10/220.23 mi22, Grosvenor Place, Colchester, Essex CO1 2ZD2
£90K05/210.24 mi5, The Dell, Colchester, Essex CO1 2YH2
£150K11/200.27 mi5, George Williams Way, Colchester, Essex CO1 2JP2
£159K05/210.27 mi81, George Williams Way, Colchester, Essex CO1 2JP2
£150K01/210.27 mi141, George Williams Way, Colchester, Essex CO1 2JR2
£176K07/230.27 mi139, George Williams Way, Colchester, Essex CO1 2JR2
£171K12/220.27 mi191, George Williams Way, Colchester, Essex CO1 2JR2
£160K09/220.29 mi45, George Williams Way, Colchester, Essex CO1 2JP2
£197.5K02/230.29 mi32, Rouse Way, Colchester, Essex CO1 2TT2
£250K07/230.29 mi25, Rouse Way, Colchester, Essex CO1 2TT2
£175K06/210.29 mi24, Rouse Way, Colchester, Essex CO1 2TT2
£200K03/210.29 mi26, Rouse Way, Colchester, Essex CO1 2TT2
£185K02/230.29 mi17, Rouse Way, Colchester, Essex CO1 2TT2
£161K08/210.3 mi78, George Williams Way, Colchester, Essex CO1 2JZ2
£146.5K01/210.3 mi42, George Williams Way, Colchester, Essex CO1 2JZ2
£150K06/210.3 mi24, George Williams Way, Colchester, Essex CO1 2JZ2
£162K05/210.33 mi12, Saw Mill Road, Colchester, Essex CO1 2ZQ2
£143K12/200.45 mi106, St Andrews Gardens, Colchester, Essex CO4 3EH2
£167K11/220.46 mi30, Ratcliffe Court, Colchester, Essex CO4 0AZ2
£165K06/210.47 miFlat 5, Ravenswood, New Town Road, Colchester, Essex CO1 2EG2
£150K03/210.53 miFlat 25, Stuart House, St Peters Street, Colchester, Essex CO1 1BQ2
£156.5K06/230.53 miFlat 30, Stuart House, St Peters Street, Colchester, Essex CO1 1BQ2
£268K10/210.54 mi25, Hythe Hill, Colchester, Essex CO1 2NB2
£150K11/220.55 mi30, Nunns Road, Colchester, Essex CO1 1EJ2
£140K03/210.55 mi155, Hythe Hill, Colchester, Essex CO1 2NG2
£140K03/210.55 mi155, Hythe Hill, Colchester, Essex CO1 2NG2
£165K05/210.55 mi156, Hythe Hill, Colchester, Essex CO1 2NG2
£145K09/210.56 miFlat 19, Charles House, St Peters Street, Colchester, Essex CO1 1BY2
£162K10/210.56 miFlat 18, Charles House, St Peters Street, Colchester, Essex CO1 1BY2
£182K07/230.56 mi4, Tarrett Drive, Colchester, Essex CO1 2NJ2
£155K03/210.58 mi154, Ipswich Road, Colchester, Essex CO4 0AF2
£255K09/210.58 mi16, Parkside Quarter, Colchester, Essex CO1 1EA2
£140K12/200.59 mi140a, Ipswich Road, Colchester, Essex CO4 0AF2
£158.5K01/210.59 mi13, King Cole Place, Colchester, Essex CO4 0BA2
£137K06/230.59 mi12a, Rayleigh Close, Colchester, Essex CO4 0AT2
£180K08/230.59 mi14, Rayleigh Close, Colchester, Essex CO4 0AT2
£145K12/200.59 mi7a, Rayleigh Close, Colchester, Essex CO4 0AT2
£260K11/220.62 mi26, Captain Gardens, Colchester, Essex CO2 7FX2
£165K06/230.65 mi18, Haddon Park, Colchester, Essex CO1 2GX2
£120K01/210.66 mi18, Haddon Park, Colchester, Essex CO1 2GX2
£110K07/210.69 mi10, Suffolk Close, Colchester, Essex CO4 0AY2
£102.5K07/230.69 mi26, Suffolk Close, Colchester, Essex CO4 0AY2
£172.5K11/220.71 miFlat 10, The Nexus, Victoria Chase, Colchester, Essex CO1 1WJ2

Local Rents

50 rents from £900/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95003/240.02 miEast Hill, Colchester, CO12
£95004/240.02 miEast Hill, Colchester, CO12
£1,20002/250.02 mi-2
£1,10003/240.09 miEast Hill, Colchester Town2
£1,25005/240.1 miSmythies Avenue, Colchester, CO12
£1,10005/240.11 miGrantham Court, Colchester2
£1,00005/240.14 miBrook Street, COLCHESTER2
£96004/240.15 mi-2
£1,05004/250.15 mi-2
£96004/240.15 miBrook Street, Colchester, CO12
£1,10004/240.16 mi-2
£1,35003/240.2 miThe Mill Apartments, East Street, Colchester, Essex, CO12
£1,35005/240.2 miThe Mill Apartments, East Street, Colchester, Essex, CO12
£1,15003/240.2 miCastle Road, Colchester, Essex, CO12
£1,00003/240.21 miEast Street, Colchester2
£1,15003/240.22 miGrosvenor Place, Colchester2
£1,15004/240.22 miGrosvenor Place, Colchester2
£1,30004/250.23 mi-2
£1,00011/240.24 mi-2
£95003/240.24 miGrays Cottages, Colchester2
£95003/240.24 miGrays Cottages, Colchester2
£1,00003/240.26 miEast Street, Colchester2
£90003/240.27 miBrook Street,Colchester2
£1,05010/230.27 miCentral Colchester2
£1,15003/240.27 miPriory Street, Colchester, Essex, CO12
£1,10003/240.27 miGeorge Williams Way, Town Centre2
£1,15004/240.27 miOld Rectory Drive, Brook Street, Colchester, CO12
£1,05003/240.27 miGeorge Williams Way,Colchester,CO12
£1,15003/240.28 miPriory Street, COLCHESTER2
£1,15003/240.28 miPriory Street, Colchester2
£1,13003/240.28 miPriory Street, Colchester2
£1,14503/240.28 miPriory Street, Colchester2
£1,14003/240.28 miPriory Street, Colchester2
£1,14004/240.28 miPriory Street, Colchester2
£1,10003/240.29 miGeorge Williams Way, Colchester, Essex, CO12
£1,00003/250.29 mi-2
£1,05001/250.29 mi-2
£1,15003/240.29 miRouse Way, Colchester, Essex, CO12
£1,00003/240.3 miGeorge Williams Way, Colchester2
£1,00004/240.3 miGeorge Williams Way, Colchester2
£1,20004/240.3 miCentral Colchester2
£1,39505/240.31 miCastle Bailey, Colchester, Essex, CO12
£1,45003/240.31 miCastle Bailey, Colchester2
£1,04503/240.31 miSimons Lane, Colchester2
£1,00003/240.32 miIpswich Road, Colchester, Essex, CO12
£1,10003/240.32 miSaw Mill Road, Colchester, Essex, CO12
£1,10005/240.32 miIpswich Road, COLCHESTER2
£1,10003/240.32 miHigh Street, Colchester, Essex, CO12
£1,00004/240.32 miHigh Street, Colchester, Essex, CO12
£1,00003/240.34 miThe Coach House, East Street, CO12

Local Area Statistics

Population in CO1

15,333

Population in Colchester

214,734

Town centre distance

0.99 miles away

Nearest school

0.10 miles away

Nearest train station

0.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £140,000

December 11, 2024

Floor Plans

Description

Leaders Colchester are delighted to offer this two double bedroom apartment situated in a 19th century converted brewery.

Not only is the property within walking distance to all of the City's shops and amenities, the accommodation comprises of an open plan lounge/kitchen, master bedroom with en suite shower room, second double bedroom and family bathroom.

The property features high ceilings and large windows creating a bright and spacious home. The property also benefits from an allocated parking space.

Council Tax Band C
Approximately 78 Years remaining on lease.

Agent Details

Leaders Sales, Colchester

01206 586093

Next Steps?

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