2 Bed Flat, Single Let, Colchester, CO1 1BQ, £150,000

St. Peters Street, Colchester, Essex, CO1 1BQ - 4 months ago

Leasehold

BTL

ROI: 6%

~50 m²

+15 photos

ValuationOvervalued

Sold Prices	£90K - £307K
Sold Prices/m²	£1.5K/m² - £3.9K/m²

Square Metres	~49.70 m²
Price/m²	£3K/m²
Value Estimate	£140,356£140,356

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£37,500£37,500
Stamp Duty & Legal Fees	£9,200£9,200
Total Cash In	£46,700£46,700

Cash Out
Rent Range	£850 - £2,200£850 - £2,200
Rent Estimate	£900
Running Costs/mo	£669£669
Cashflow/mo	£231£231
Cashflow/yr	£2,775£2,775
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £90K to £307K, average is £172.8K. £1.5K/m² to £3.9K/m², average is £2.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£150K	03/21	0.01 mi	Flat 25, Stuart House, St Peters Street, Colchester, Essex CO1 1BQ	-	-	2	Flat
£156.5K	06/23	0.01 mi	Flat 30, Stuart House, St Peters Street, Colchester, Essex CO1 1BQ	-	-	2	Flat
£145K	09/21	0.04 mi	Flat 19, Charles House, St Peters Street, Colchester, Essex CO1 1BY	-	-	2	Flat
£162K	10/21	0.04 mi	Flat 18, Charles House, St Peters Street, Colchester, Essex CO1 1BY	-	-	2	Flat
£255K	09/21	0.07 mi	16, Parkside Quarter, Colchester, Essex CO1 1EA	£2,161	118	2	Flat
£150K	11/22	0.12 mi	30, Nunns Road, Colchester, Essex CO1 1EJ	£1,471	102	2	Flat
£172.5K	11/22	0.2 mi	Flat 10, The Nexus, Victoria Chase, Colchester, Essex CO1 1WJ	-	-	2	Flat
£180K	03/23	0.23 mi	73, Victoria Chase, Colchester, Essex CO1 1WB	£3,830	47	2	Flat
£175K	04/23	0.23 mi	113, Victoria Chase, Colchester, Essex CO1 1WB	£3,365	52	2	Flat
£185K	09/22	0.24 mi	86, Victoria Chase, Colchester, Essex CO1 1WN	£3,190	58	2	Flat
£160K	04/21	0.29 mi	156, Victoria Chase, Colchester, Essex CO1 1WW	£3,048	53	2	Flat
£152.5K	04/21	0.29 mi	138, Victoria Chase, Colchester, Essex CO1 1WW	£2,824	54	2	Flat
£190K	01/23	0.29 mi	102, Sheepen Place, Colchester, Essex CO3 3LT	£2,836	67	2	Flat
£307K	12/22	0.32 mi	61, Henry Laver Court, Colchester, Essex CO3 3DY	£2,791	110	2	Flat
£215K	11/22	0.33 mi	112, Rotary Way, Colchester, Essex CO3 3LG	£2,560	84	2	Flat
£171K	11/22	0.34 mi	143, Rotary Way, Colchester, Essex CO3 3LJ	£3,109	55	2	Flat
£175K	08/21	0.34 mi	148, Rotary Way, Colchester, Essex CO3 3LG	£3,241	54	2	Flat
£232.5K	07/23	0.34 mi	59, Rotary Way, Colchester, Essex CO3 3LJ	£3,407	68	2	Flat
£173K	10/22	0.34 mi	80, Rotary Way, Colchester, Essex CO3 3LG	£2,703	64	2	Flat
£160K	04/21	0.34 mi	27, Rotary Way, Colchester, Essex CO3 3LJ	£2,754	58	2	Flat
£190K	03/23	0.35 mi	Flat 3, Salter Court, St Marys Fields, Colchester, Essex CO3 3FF	-	-	2	Flat
£203K	11/21	0.37 mi	87, Henry Laver Court, Colchester, Essex CO3 3DY	£2,822	72	2	Flat
£163K	12/20	0.38 mi	6, Rowan Place, Colchester, Essex CO1 1AJ	£2,717	60	2	Flat
£158K	04/21	0.4 mi	44, Clarendon Way, Colchester, Essex CO1 1AG	£2,926	54	2	Flat
£177K	09/21	0.4 mi	74, Clarendon Way, Colchester, Essex CO1 1AG	-	-	2	Flat
£191.5K	04/21	0.4 mi	72, Clarendon Way, Colchester, Essex CO1 1AG	£1,995	96	2	Flat
£220K	12/22	0.4 mi	34, Clarendon Way, Colchester, Essex CO1 1AG	£2,588	85	2	Flat
£197.5K	02/21	0.4 mi	12, Clarendon Way, Colchester, Essex CO1 1AG	£2,438	81	2	Flat
£165K	03/21	0.4 mi	42, Clarendon Way, Colchester, Essex CO1 1AG	£2,661	62	2	Flat
£210K	06/23	0.4 mi	24, Clarendon Way, Colchester, Essex CO1 1AG	£2,530	83	2	Flat
£190K	09/22	0.48 mi	4, York Place, Colchester, Essex CO1 2RF	£2,375	80	2	Flat
£150K	12/20	0.49 mi	29, Claremont Heights, Colchester, Essex CO1 1ZU	£3,030	50	2	Flat
£143K	12/20	0.49 mi	48, Claremont Heights, Colchester, Essex CO1 1ZU	£2,648	54	2	Flat
£160K	12/22	0.51 mi	134, Claremont Heights, Colchester, Essex CO1 1ZY	£3,077	52	2	Flat
£90K	05/21	0.53 mi	5, The Dell, Colchester, Essex CO1 2YH	£1,667	54	2	Flat
£145K	02/21	0.53 mi	15, St Augustine Mews, Colchester, Essex CO1 2PF	£3,295	44	2	Flat
£150K	03/21	0.56 mi	101, Nicholsons Grove, Colchester, Essex CO1 2XT	£2,877	52	2	Flat
£138K	06/21	0.58 mi	1a, Alexandra Road, Colchester, Essex CO3 3DB	£2,123	65	2	Flat
£195K	03/21	0.62 mi	Flat 1, Cumberland Court, Oaks Drive, Colchester, Essex CO3 3PR	-	-	2	Flat
£150K	11/20	0.65 mi	5, George Williams Way, Colchester, Essex CO1 2JP	£2,679	56	2	Flat
£159K	05/21	0.65 mi	81, George Williams Way, Colchester, Essex CO1 2JP	£2,789	57	2	Flat
£160K	09/22	0.66 mi	45, George Williams Way, Colchester, Essex CO1 2JP	£3,902	41	2	Flat
£165K	06/23	0.67 mi	36, Groves Close, Colchester, Essex CO4 5BP	£3,000	55	2	Flat
£180K	10/22	0.67 mi	17, Groves Close, Colchester, Essex CO4 5BP	£3,333	54	2	Flat
£180K	06/23	0.67 mi	31, Groves Close, Colchester, Essex CO4 5BP	£2,857	63	2	Flat
£179K	11/22	0.67 mi	23, Groves Close, Colchester, Essex CO4 5BP	£3,340	54	2	Flat
£245K	05/21	0.7 mi	Flat 25, The Mill Apartments, East Street, Colchester, Essex CO1 2QT	-	-	2	Flat
£217.5K	04/21	0.7 mi	49, Grosvenor Place, Colchester, Essex CO1 2ZD	£2,685	81	2	Flat
£170K	03/21	0.7 mi	14, Grosvenor Place, Colchester, Essex CO1 2ZD	£3,036	56	2	Flat
£197.5K	03/23	0.7 mi	29, Grosvenor Place, Colchester, Essex CO1 2ZD	£3,140	63	2	Flat

Local Rents

50 rents from £850/mo to £2.2K/mo, average is £1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,000	05/24	0 mi	Stuart House, St. Peters Street, CO1	2	Flat
£1,000	04/24	0.01 mi	City Centre	2	Flat
£950	03/24	0.04 mi	St. Peters Street, Colchester	2	Flat
£1,150	02/24	0.04 mi	-	2	Flat
£900	05/24	0.05 mi	St Peter's Street, Colchester, CO1	2	Flat
£900	05/24	0.05 mi	-	2	Flat
£950	01/25	0.05 mi	-	2	Flat
£1,100	05/24	0.05 mi	Colchester	2	Flat
£915	10/23	0.05 mi	Claudius Court, St Peters Street, Colchester, Essex	2	Flat
£1,100	03/24	0.05 mi	St. Peters Street, Colchester	2	Flat
£1,195	03/24	0.06 mi	Northgate Street, Colchester	2	Flat
£910	10/23	0.07 mi	Parkside Quarter, Colchester	2	Flat
£1,050	04/24	0.09 mi	Northgate Street, Colchester, CO1 1EZ	2	Terraced House
£1,200	04/24	0.11 mi	The Technique Building, Stockwell Street, Colchester, Essex, CO1	2	Flat
£1,100	03/24	0.11 mi	Stockwell, Colchester, Essex, CO1	2	Detached House
£1,000	04/24	0.11 mi	Middleborough, COLCHESTER	2	Flat
£950	04/24	0.11 mi	West Stockwell Street, COLCHESTER	2	Terraced House
£1,000	03/24	0.11 mi	Kane Mews, Northgate Street, CO1	2	Terraced House
£925	04/24	0.12 mi	Nunns Road Colchester Essex	2	Flat
£1,250	10/23	0.12 mi	Central Colchester	2	Terraced House
£1,250	05/24	0.12 mi	Dutch Quarter	2	Terraced House
£2,200	01/25	0.13 mi	-	2	Terraced House
£1,100	05/24	0.15 mi	Maidenburgh Street, Colchester, Essex, CO1	2	Terraced House
£1,100	12/24	0.15 mi	-	2	Flat
£1,250	04/24	0.16 mi	West Stockwell Street, Colchester	2	Flat
£1,095	04/24	0.16 mi	Albert Street, Colchester, Essex, CO1	2	Terraced House
£1,000	03/24	0.19 mi	North Hill, Colchester, Essex, CO1	2	Flat
£1,000	03/24	0.19 mi	North Hill, Colchester, Essex, CO1	2	Flat
£1,000	04/24	0.19 mi	North Hill, Colchester, Essex, CO1	2	Flat
£1,250	02/24	0.2 mi	-	2	Terraced House
£1,100	03/24	0.2 mi	Albert Street, Colchester, Essex, CO1	2	Terraced House
£925	03/24	0.2 mi	Albert Street, Colchester, Essex	2	Terraced House
£850	03/24	0.2 mi	Albert Street, Colchester, Essex, CO1	2	Terraced House
£950	05/24	0.2 mi	Albert Street, Colchester, Essex	2	Terraced House
£1,000	02/25	0.21 mi	-	2	Flat
£925	03/24	0.23 mi	North Station / Town Centre	2	Flat
£925	03/24	0.23 mi	North Station / Town Centre	2	Flat
£975	03/24	0.23 mi	Victoria Chase, North Station, CO1	2	Flat
£975	03/24	0.23 mi	Victoria Chase, North Station, CO1	2	Flat
£950	04/24	0.23 mi	Victoria Chase, North Station, CO1	2	Flat
£1,150	05/24	0.24 mi	Albert Street, Colchester, Essex, CO1	2	Terraced House
£975	03/24	0.26 mi	Walking Distance Of Town And Station	2	Flat
£1,150	04/24	0.26 mi	Morten Road, Colchester, Essex, CO1	2	Terraced House
£1,150	04/24	0.26 mi	Henry Swan Way, Colchester, Essex, CO1	2	Flat
£1,100	04/24	0.26 mi	Henry Swan Way, Colchester, Essex, CO1	2	Flat
£1,100	03/24	0.27 mi	Trinity Street, Colchester, Essex, CO1	2	Flat
£1,395	05/24	0.28 mi	Castle Bailey, Colchester, Essex, CO1	2	Flat
£1,450	03/24	0.28 mi	Castle Bailey, Colchester	2	Flat
£1,100	03/24	0.28 mi	Morten Road, Colchester	2	Terraced House
£1,050	05/24	0.28 mi	Morten road, Colchester, CO1	2	Semi-Detached House

Local Area Statistics

Population in CO1	15,33315,333
Population in Colchester	214,734214,734
Town centre distance	0.62 miles away0.62 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.52 miles away0.52 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+32%+32%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+14%+14%

Property History

Price changed to £150,000

February 4, 2025

Listed for £160,000

December 20, 2024

Floor Plans

Description

GUIDE PRICE £150,000-£160,000

This two bedroom apartment is located in the North of Colchester and is offered to the market with no onward chain. This property would be perfectly suited for an investment or first time purchase.

The property is within walking distance to the City Centre which offers a wide range of shops and amenities. Residential parking is available but there are also local bus routes and the train station which is 0.7 miles away and perfect for commuters.

The accommodation comprises of a spacious open plan kitchen and reception room. There are two bedrooms and a three piece bathroom.

Please call the office to arrange your appointment to view.