2 Bed Flat, Single Let, Colchester, CO1 2SH, £150,000

Greenstead Road, Colchester, CO1 2SH - 2 views - 4 months ago

Leasehold
BTL
ROI: 6%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£120K - £268K
Sold Prices/m²£1.6K/m² - £3.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£171,362
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£825 - £2,600

Rent Estimate

£896

Running Costs/mo

£668

Cashflow/mo

£228

Cashflow/yr

£2,737

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £120K to £268K, average is £170K. £1.6K/m² to £3.4K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£120K01/210.22 mi18, Haddon Park, Colchester, Essex CO1 2GX2
£165K06/230.23 mi18, Haddon Park, Colchester, Essex CO1 2GX2
£165K05/230.32 mi20, Dewberry Close, Colchester, Essex CO4 3RT2
£148K06/230.32 mi7, Alyssum Walk, Colchester, Essex CO4 3RW2
£180K02/210.35 mi37 Sail House, Ship Wharf, Colchester, Essex CO2 8YP2
£205K05/230.35 mi65 Sail House, Ship Wharf, Colchester, Essex CO2 8YP2
£147K03/210.35 mi71 Sail House, Ship Wharf, Colchester, Essex CO2 8YP2
£185K12/220.39 mi6, Caelum Drive, Colchester, Essex CO2 8FP2
£182K07/230.4 mi4, Tarrett Drive, Colchester, Essex CO1 2NJ2
£176.5K06/230.4 mi3, Caelum Drive, Colchester, Essex CO2 8FN2
£157.5K11/200.42 mi3, Meachen Road, Colchester, Essex CO2 8JD2
£130K04/230.42 mi45, Meachen Road, Colchester, Essex CO2 8JD2
£140K03/210.43 mi155, Hythe Hill, Colchester, Essex CO1 2NG2
£140K03/210.43 mi155, Hythe Hill, Colchester, Essex CO1 2NG2
£165K05/210.43 mi156, Hythe Hill, Colchester, Essex CO1 2NG2
£163.5K10/200.43 mi9, Cooper Walk, Colchester, Essex CO4 3RU2
£173K12/200.46 mi9, Meachen Road, Colchester, Essex CO2 8JD2
£268K10/210.46 mi25, Hythe Hill, Colchester, Essex CO1 2NB2
£170K06/230.49 mi343, Quayside Drive, Colchester, Essex CO2 8GT2
£175K09/210.55 mi6, Lime Avenue, Colchester, Essex CO4 3NN2
£143K12/200.55 mi106, St Andrews Gardens, Colchester, Essex CO4 3EH2
£162K06/230.57 miFlat 9, Parkland Court, Recreation Road, Colchester, Essex CO1 2LB2
£145K01/210.57 miFlat 15, Parkland Court, Recreation Road, Colchester, Essex CO1 2LB2
£145K03/210.57 miFlat 8, Parkland Court, Recreation Road, Colchester, Essex CO1 2LB2
£242K06/210.57 mi132, Magnolia Drive, Colchester, Essex CO4 3LX2
£140K09/210.61 mi32, Ferdinand Walk, Colchester, Essex CO4 3TT2
£162K05/210.64 mi12, Saw Mill Road, Colchester, Essex CO1 2ZQ2
£182K01/230.64 mi114, Albany Gardens, Colchester, Essex CO2 8HU2
£197.5K02/230.65 mi32, Rouse Way, Colchester, Essex CO1 2TT2
£250K07/230.65 mi25, Rouse Way, Colchester, Essex CO1 2TT2
£175K06/210.65 mi24, Rouse Way, Colchester, Essex CO1 2TT2
£200K03/210.65 mi26, Rouse Way, Colchester, Essex CO1 2TT2
£185K02/230.65 mi17, Rouse Way, Colchester, Essex CO1 2TT2
£240K10/220.65 mi22, Grosvenor Place, Colchester, Essex CO1 2ZD2
£245K05/210.66 miFlat 25, The Mill Apartments, East Street, Colchester, Essex CO1 2QT2
£217.5K04/210.67 mi49, Grosvenor Place, Colchester, Essex CO1 2ZD2
£170K03/210.67 mi14, Grosvenor Place, Colchester, Essex CO1 2ZD2
£197.5K03/230.67 mi29, Grosvenor Place, Colchester, Essex CO1 2ZD2
£202.5K01/210.68 mi9, Waterside Lane, Colchester, Essex CO2 8HW2
£178K03/230.68 mi13, Waterside Lane, Colchester, Essex CO2 8HW2
£177K07/230.69 mi161, Albany Gardens, Colchester, Essex CO2 8HQ2
£150K01/210.77 mi141, George Williams Way, Colchester, Essex CO1 2JR2
£176K07/230.77 mi139, George Williams Way, Colchester, Essex CO1 2JR2
£171K12/220.77 mi191, George Williams Way, Colchester, Essex CO1 2JR2
£167K11/220.77 mi30, Ratcliffe Court, Colchester, Essex CO4 0AZ2
£161K08/210.79 mi78, George Williams Way, Colchester, Essex CO1 2JZ2
£146.5K01/210.79 mi42, George Williams Way, Colchester, Essex CO1 2JZ2
£150K06/210.79 mi24, George Williams Way, Colchester, Essex CO1 2JZ2
£165K06/210.8 miFlat 5, Ravenswood, New Town Road, Colchester, Essex CO1 2EG2
£155K03/210.82 mi154, Ipswich Road, Colchester, Essex CO4 0AF2

Local Rents

50 rents from £825/mo to £2.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20005/240.05 miGreenstead Road, Colchester, CO12
£1,20005/240.05 mi-2
£1,05004/250.1 mi-2
£1,20004/250.23 mi-2
£1,15004/240.23 miHaddon Park, COLCHESTER2
£1,15004/240.23 miHaddon Park, Colchester2
£1,20004/240.24 miHaddon Park, Colchester, CO12
£90001/250.26 mi-2
£1,20003/240.26 miHythe Hill, Colchester, Essex, CO12
£1,07503/240.27 miHaddon Park, Colchester, Essex, CO12
£99512/240.27 miGorse Walk, Colchester, 2
£1,25005/240.29 miGreenstead Road, Colchester, CO12
£1,25005/240.29 mi-2
£1,05003/240.3 miSpurgeon Street, Colchester2
£1,20012/240.3 miMaponite Buildings, Hawkins Road, Colchester, Essex, CO22
£1,25012/240.31 miHeia Wharf, Hawkins Road , Colchester2
£1,20012/240.32 miHeia Wharf, Hawkins Road, Hythe2
£1,25012/240.33 miHawkins Road, Colchester, Essex, CO22
£1,12512/240.33 miHawkins Road, Colchester, Essex, CO22
£1,25012/240.33 miHawkins Road, Colchester, Essex, CO22
£1,25012/240.33 miHeia Wharf, Hawkins Road2
£95012/240.34 miHawthorn Avenue, Colchester, Essex, CO42
£1,17512/240.35 mi-2
£82512/240.35 miAvon Way, Colchester, 2
£1,15012/240.35 miShip Wharf, Colchester, Essex, CO22
£1,30012/240.35 miSail House , Colchester2
£1,25012/240.35 miSail House, Colchester2
£1,25012/240.35 miSail House, Colchester2
£1,45012/240.35 miSail House, Ship Wharf2
£1,30012/240.35 miShip Wharf, Hawkins Road, Hythe2
£1,17512/240.35 miShip Wharf, Colchester, Essex, CO22
£1,20012/240.35 miSail House, Ship Wharf2
£1,05012/240.35 miCook Crescent, Colchester, Essex2
£1,10003/240.36 miConnaught Close, Colchester, Essex CO12
£97503/240.36 miConnaught Close, Colchester2
£1,00005/240.36 miConnaught Close, Colchester, Essex, CO12
£95001/250.37 mi-2
£1,30012/240.37 mi-2
£1,25012/240.37 mi-2
£1,25004/250.37 mi-2
£1,15012/240.37 miMaria Court, Hesper Road, Colchester, Essex, CO22
£99512/240.37 miHesper Road, Maria Court2
£1,20012/240.37 miHesper Road, Hythe2
£1,05004/240.38 miSt Leonards Road, Colchester, Essex, CO12
£1,39512/240.38 miKeel Point, Ship Wharf, Hythe2
£1,25012/240.38 miSwan Close, Colchester2
£2,60004/250.38 mi-2
£1,97002/250.38 mi-2
£89512/240.38 miWheeler Close, Colchester, Essex, CO42
£1,10002/250.39 mi-2

Local Area Statistics

Population in CO1

15,333

Population in Colchester

214,734

Town centre distance

1.80 miles away

Nearest school

0.20 miles away

Nearest train station

0.12 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £150,000

December 26, 2024

Sold for £95,000

2006

Sold for £25,000

1997

Floor Plans

Description

  • First Floor Apartment +
  • Lounge/Diner & Kitchen +
  • Two Bedrooms +
  • Bathroom +
  • Communal Parking +
  • Good Access To Amenities & University +
  • Ideal First Time Purchase & Investment +

SUMMARY
This two bedroom first floor apartment is situated on the east side of Colchester, offering good access to the city centre, supermarket, amenities, train station and the University of Essex.

DESCRIPTION
Offering an ideal first time purchase or investment opportunity, this two bedroom first floor apartment is situated off Greenstead Road. Accommodation comprises entrance hall, lounge/diner, kitchen, two bedrooms and family bathroom. Externally there is communal parking.

Communal Entrance Door To; 

Communal Entrance Hall 
With stairs to first floor.

Entrance Door To: 

Entrance Hall 
Carpet, doors to:

Lounge / Diner 13' 1" x 10' 1" ( 3.99m x 3.07m )
Double glazed window, airing cupboard, electric heater.

Kitchen 5' 1" x 5' 1" ( 1.55m x 1.55m )
Range of base and eye level units, work surfaces, inset sink and drainer unit with mixer tap, tiled splashbacks, spaces for washing machine and under counter fridge, oven and hob with extractor over, tiled floor, double glazed window.

Bedroom One 10' x 9' 1" ( 3.05m x 2.77m )
Double glazed window, electric heater, built-in double wardrobe.

Bedroom Two 10' x 7' 1" ( 3.05m x 2.16m )
Double glazed doors to balcony, electric heater.

Bathroom 
Three piece suite comprising panel enclosed bath with shower over, pedestal wash hand basin and low level w.c., tiled walls and floor, double glazed window.

Outside 
There is communal parking available.

Agents Note 
THIS PROPERTY HAS A SHARE OF FREEHOLD

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Colchester

01206 586061

Next Steps?

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