2 Bed Flat, Single Let, Colchester, CO1 1HA, £140,000

Northgate Street, Colchester, Essex, CO1 1HA - 2 views - 3 months ago

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

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£173,600
BMV24%

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

£850 - £2,200

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 £307K, average is £172.8K. £1.5K/m² to £3.9K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£150K11/220.04 mi30, Nunns Road, Colchester, Essex CO1 1EJ2
£255K09/210.08 mi16, Parkside Quarter, Colchester, Essex CO1 1EA2
£145K09/210.09 miFlat 19, Charles House, St Peters Street, Colchester, Essex CO1 1BY2
£162K10/210.09 miFlat 18, Charles House, St Peters Street, Colchester, Essex CO1 1BY2
£150K03/210.12 miFlat 25, Stuart House, St Peters Street, Colchester, Essex CO1 1BQ2
£156.5K06/230.12 miFlat 30, Stuart House, St Peters Street, Colchester, Essex CO1 1BQ2
£172.5K11/220.18 miFlat 10, The Nexus, Victoria Chase, Colchester, Essex CO1 1WJ2
£180K03/230.19 mi73, Victoria Chase, Colchester, Essex CO1 1WB2
£175K04/230.19 mi113, Victoria Chase, Colchester, Essex CO1 1WB2
£307K12/220.2 mi61, Henry Laver Court, Colchester, Essex CO3 3DY2
£185K09/220.21 mi86, Victoria Chase, Colchester, Essex CO1 1WN2
£190K03/230.22 miFlat 3, Salter Court, St Marys Fields, Colchester, Essex CO3 3FF2
£190K01/230.22 mi102, Sheepen Place, Colchester, Essex CO3 3LT2
£203K11/210.24 mi87, Henry Laver Court, Colchester, Essex CO3 3DY2
£160K04/210.26 mi156, Victoria Chase, Colchester, Essex CO1 1WW2
£152.5K04/210.26 mi138, Victoria Chase, Colchester, Essex CO1 1WW2
£215K11/220.29 mi112, Rotary Way, Colchester, Essex CO3 3LG2
£171K11/220.3 mi143, Rotary Way, Colchester, Essex CO3 3LJ2
£175K08/210.3 mi148, Rotary Way, Colchester, Essex CO3 3LG2
£232.5K07/230.3 mi59, Rotary Way, Colchester, Essex CO3 3LJ2
£173K10/220.3 mi80, Rotary Way, Colchester, Essex CO3 3LG2
£160K04/210.3 mi27, Rotary Way, Colchester, Essex CO3 3LJ2
£163K12/200.43 mi6, Rowan Place, Colchester, Essex CO1 1AJ2
£158K04/210.46 mi44, Clarendon Way, Colchester, Essex CO1 1AG2
£177K09/210.46 mi74, Clarendon Way, Colchester, Essex CO1 1AG2
£191.5K04/210.46 mi72, Clarendon Way, Colchester, Essex CO1 1AG2
£220K12/220.46 mi34, Clarendon Way, Colchester, Essex CO1 1AG2
£197.5K02/210.46 mi12, Clarendon Way, Colchester, Essex CO1 1AG2
£165K03/210.46 mi42, Clarendon Way, Colchester, Essex CO1 1AG2
£210K06/230.46 mi24, Clarendon Way, Colchester, Essex CO1 1AG2
£138K06/210.47 mi1a, Alexandra Road, Colchester, Essex CO3 3DB2
£195K03/210.5 miFlat 1, Cumberland Court, Oaks Drive, Colchester, Essex CO3 3PR2
£150K12/200.52 mi29, Claremont Heights, Colchester, Essex CO1 1ZU2
£143K12/200.52 mi48, Claremont Heights, Colchester, Essex CO1 1ZU2
£160K12/220.54 mi134, Claremont Heights, Colchester, Essex CO1 1ZY2
£90K05/210.55 mi5, The Dell, Colchester, Essex CO1 2YH2
£150K03/210.58 mi101, Nicholsons Grove, Colchester, Essex CO1 2XT2
£190K09/220.59 mi4, York Place, Colchester, Essex CO1 2RF2
£145K02/210.59 mi15, St Augustine Mews, Colchester, Essex CO1 2PF2
£180K09/210.6 mi78, Salisbury Avenue, Colchester, Essex CO3 3DN2
£195K11/210.61 mi76, Salisbury Avenue, Colchester, Essex CO3 3DN2
£150K11/200.68 mi5, George Williams Way, Colchester, Essex CO1 2JP2
£159K05/210.68 mi81, George Williams Way, Colchester, Essex CO1 2JP2
£225K05/210.68 mi12c, Inglis Road, Colchester, Essex CO3 3HU2
£160K09/220.68 mi45, George Williams Way, Colchester, Essex CO1 2JP2
£165K06/230.73 mi36, Groves Close, Colchester, Essex CO4 5BP2
£180K10/220.73 mi17, Groves Close, Colchester, Essex CO4 5BP2
£180K06/230.73 mi31, Groves Close, Colchester, Essex CO4 5BP2
£179K11/220.73 mi23, Groves Close, Colchester, Essex CO4 5BP2
£150K01/210.74 mi141, George Williams Way, Colchester, Essex CO1 2JR2

Local Rents

50 rents from £850/mo to £2.2K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,00003/240.02 miKane Mews, Northgate Street, CO12
£2,20001/250.02 mi-2
£92504/240.04 miNunns Road Colchester Essex2
£1,05004/240.05 miNorthgate Street, Colchester, CO1 1EZ2
£1,00004/240.06 miMiddleborough, COLCHESTER2
£1,00003/240.07 miNorth Hill, Colchester, Essex, CO12
£1,00003/240.07 miNorth Hill, Colchester, Essex, CO12
£1,00004/240.07 miNorth Hill, Colchester, Essex, CO12
£95004/240.07 miWest Stockwell Street, COLCHESTER2
£91010/230.08 miParkside Quarter, Colchester2
£1,10003/240.08 miSt. Peters Street, Colchester2
£1,10005/240.09 miColchester2
£91510/230.09 miClaudius Court, St Peters Street, Colchester, Essex2
£90005/240.09 mi-2
£95001/250.09 mi-2
£90005/240.09 miSt Peter's Street, Colchester, CO12
£1,25004/240.09 miWest Stockwell Street, Colchester2
£1,15002/240.1 mi-2
£1,20004/240.11 miThe Technique Building, Stockwell Street, Colchester, Essex, CO12
£95003/240.11 miSt. Peters Street, Colchester2
£1,10003/240.12 miStockwell, Colchester, Essex, CO12
£1,19503/240.12 miNorthgate Street, Colchester2
£1,00004/240.12 miCity Centre2
£1,00005/240.13 miStuart House, St. Peters Street, CO12
£1,20003/240.19 miHead Street, Colchester2
£1,25010/230.19 miCentral Colchester2
£1,25005/240.19 miDutch Quarter2
£97503/240.19 miVictoria Chase, North Station, CO12
£97503/240.19 miVictoria Chase, North Station, CO12
£95004/240.19 miVictoria Chase, North Station, CO12
£1,09504/240.2 miAlbert Street, Colchester, Essex, CO12
£1,00002/250.2 mi-2
£92503/240.2 miNorth Station / Town Centre2
£92503/240.2 miNorth Station / Town Centre2
£1,10005/240.2 miMaidenburgh Street, Colchester, Essex, CO12
£1,10012/240.21 mi-2
£1,20005/240.23 miHenry Laver Court, Colchester2
£1,10003/240.23 miTrinity Street, Colchester, Essex, CO12
£1,25002/240.25 mi-2
£1,10003/240.25 miAlbert Street, Colchester, Essex, CO12
£92503/240.25 miAlbert Street, Colchester, Essex2
£85003/240.25 miAlbert Street, Colchester, Essex, CO12
£95005/240.25 miAlbert Street, Colchester, Essex2
£1,05003/240.26 miVictoria Chase, Colchester2
£1,20003/240.27 miCrowhurst Road, Colchester2
£1,20003/240.28 miSt Marys Fields, Colchester, Essex, CO32
£1,10003/240.28 miCulver Walk, Colchester, CO12
£1,20005/240.28 miCrowhurst Road, Colchester, Essex, CO32
£1,15004/240.28 miMorten Road, Colchester, Essex, CO12
£1,15005/240.29 miAlbert Street, Colchester, Essex, CO12

Local Area Statistics

Population in CO1

15,333

Population in Colchester

214,734

Town centre distance

0.49 miles away

Nearest school

0.30 miles away

Nearest train station

0.51 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

January 15, 2025

Description

*GUIDE PRICE £140,000 to £150,000*

NO ONWARD CHAIN, TT'S IN SITU - This property is set in the heart of the City Centre with amenities on your doorstop and the mainline train station with links to London Liverpool Street sits this two bedroom apartment.

This would be ideal for first time buyers looking to get onto the property ladder or an investor looking to add another property to their portfolio. The accommodation comprises an entrance hallway, kitchen/lounge area, two bedrooms and a bathroom.

CALL NOW TO ARRANGE A VIEWING

Agent Details

Abbotts, Colchester

01206 586064

Next Steps?

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