2 Bed Flat, Single Let, Colchester, CO1 2ZD, £240,000

Grosvenor Place, East Street, CO1 2ZD - 2 views - 4 months ago

Sold STC
Leasehold
BTL
~68 m²
+11 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£180,840

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Total Cash In

£68,400

 

 

Cash Out

 

Rent Range

£775 - £2,850

Rent Estimate

£834

Running Costs/mo

£937

Cashflow/mo

£-103

Cashflow/yr

£-1,234

Gross Yield

4%

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

Listed for £240,000

December 19, 2024

Sold for £235,000

2006

Floor Plans

Description

  • Newly Redecorated Throughout +
  • Open Plan Living Area +
  • Two Double Bedrooms +
  • Secure Gated Parking Space +
  • Heated Indoor Swimming Pool +
  • Two Private Balconies +
  • Gas Central Heating +
  • City Centre Location +
  • Close to Castle Park +
  • No Onward Chain +

NO ONWARD CHAIN* Martin & Co are pleased to present this NEWLY redecorated, SPACIOUS, two double bedroom, two bathroom, modern first floor apartment with two private balconies, open plan living area, secure off road gated parking and access to a residents heated indoor swimming pool. Available to view by appointment only! 

ENTRANCE HALL 20' 0" x 11' 11" (6.10m x 3.65m) A wide L-Shaped entrance hallway with fitted laminate flooring, a gas fired radiator and a large built in storage cupboard with fitted shelving. 

LIVING AREA 21' 7" x 18' 0" (6.58m x 5.51m) A spacious open plan living area with fitted laminate flooring, dual aspect windows, two gas fire radiators and French doors leading the private balcony overlooking the river.

The URBAN MYTH style modern kitchen comes with an electric oven, gas hob burner, an integrated dish washer, integrated washer dryer, a 50/50 split integrated fridge freezer, stainless steel sink/drainer unit and plenty of cupboard/surface. 

PRIMARY BEDROOM 14' 3" x 11' 3" (4.36m x 3.45m) A large double primary bedroom with fitted carpets, a gas fired radiator, French doors leading to a private balcony and access to an ensuite shower room. 

ENSUITE SHOWER ROOM 6' 6" x 5' 7" (2.00m x 1.71m) An ensuite shower room with tiled flooring, fitted spot lights and a wall mounted heated towel rail. The ensuite comes with a wall hung toilet, a wall mounted wash basin and a corner shower cubicle. 

BEDROOM TWO 14' 5" x 7' 7" (4.41m x 2.32m) A second double bedroom with fitted carpets, a gas fired radiator and a double glazed window overlooking the side of the property. 

BATHROOM 8' 9" x 7' 10" (2.68m x 2.40m) A large neutral theme bathroom with tiled flooring, fitted spot lights and a wall mounted heated towel rail. The bathroom also comes with a wall hung toilet, a wall hung wash basin and a bath with an over the bath shower/screen. 

This property also benefits with secure gated car park to the rear of the property and access to the on site indoor heated residents swimming pool. Viewings by appointment only! 

*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?

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