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

George Williams Way, Colchester, Essex, CO1 2JP - 3 months ago

Sold STC
Leasehold
BTL
ROI: 7%
~55 m²
+10 photos

ValuationUndervalued

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

 

 

Square Metres

~55.28 m²
Price/m²£2.7K/m²

Value Estimate

£160,048
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£9,200

Total Cash In

£46,700

 

 

Cash Out

 

Rent Range

£895 - £3,000

Rent Estimate

£958

Running Costs/mo

£680

Cashflow/mo

£278

Cashflow/yr

£3,332

ROI

7%

Gross Yield

8%

Local Sold Prices

50 sold prices from £90K to £268K, average is £162K. £1.5K/m² to £4K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£150K11/200.01 mi5, George Williams Way, Colchester, Essex CO1 2JP2
£159K05/210.01 mi81, George Williams Way, Colchester, Essex CO1 2JP2
£160K09/220.02 mi45, George Williams Way, Colchester, Essex CO1 2JP2
£161K08/210.06 mi78, George Williams Way, Colchester, Essex CO1 2JZ2
£146.5K01/210.06 mi42, George Williams Way, Colchester, Essex CO1 2JZ2
£150K06/210.06 mi24, George Williams Way, Colchester, Essex CO1 2JZ2
£150K01/210.07 mi141, George Williams Way, Colchester, Essex CO1 2JR2
£176K07/230.07 mi139, George Williams Way, Colchester, Essex CO1 2JR2
£171K12/220.07 mi191, George Williams Way, Colchester, Essex CO1 2JR2
£150K03/210.1 mi101, Nicholsons Grove, Colchester, Essex CO1 2XT2
£90K05/210.13 mi5, The Dell, Colchester, Essex CO1 2YH2
£145K02/210.17 mi15, St Augustine Mews, Colchester, Essex CO1 2PF2
£162K05/210.2 mi12, Saw Mill Road, Colchester, Essex CO1 2ZQ2
£165K06/210.22 miFlat 5, Ravenswood, New Town Road, Colchester, Essex CO1 2EG2
£245K05/210.36 miFlat 25, The Mill Apartments, East Street, Colchester, Essex CO1 2QT2
£260K11/220.37 mi26, Captain Gardens, Colchester, Essex CO2 7FX2
£217.5K04/210.4 mi49, Grosvenor Place, Colchester, Essex CO1 2ZD2
£170K03/210.4 mi14, Grosvenor Place, Colchester, Essex CO1 2ZD2
£197.5K03/230.4 mi29, Grosvenor Place, Colchester, Essex CO1 2ZD2
£240K10/220.41 mi22, Grosvenor Place, Colchester, Essex CO1 2ZD2
£268K10/210.42 mi25, Hythe Hill, Colchester, Essex CO1 2NB2
£190K09/220.45 mi4, York Place, Colchester, Essex CO1 2RF2
£140K03/210.45 mi155, Hythe Hill, Colchester, Essex CO1 2NG2
£140K03/210.45 mi155, Hythe Hill, Colchester, Essex CO1 2NG2
£165K05/210.45 mi156, Hythe Hill, Colchester, Essex CO1 2NG2
£182K07/230.47 mi4, Tarrett Drive, Colchester, Essex CO1 2NJ2
£197.5K02/230.48 mi32, Rouse Way, Colchester, Essex CO1 2TT2
£250K07/230.48 mi25, Rouse Way, Colchester, Essex CO1 2TT2
£175K06/210.48 mi24, Rouse Way, Colchester, Essex CO1 2TT2
£200K03/210.48 mi26, Rouse Way, Colchester, Essex CO1 2TT2
£185K02/230.48 mi17, Rouse Way, Colchester, Essex CO1 2TT2
£160K10/210.52 mi54a, Barrington Road, Colchester, Essex CO2 7RW2
£155K02/210.53 mi30, Steed Crescent, Colchester, Essex CO2 7SJ2
£165K06/230.62 mi18, Haddon Park, Colchester, Essex CO1 2GX2
£143K12/200.62 mi106, St Andrews Gardens, Colchester, Essex CO4 3EH2
£120K01/210.62 mi18, Haddon Park, Colchester, Essex CO1 2GX2
£150K11/220.64 mi30, Nunns Road, Colchester, Essex CO1 1EJ2
£150K03/210.66 miFlat 25, Stuart House, St Peters Street, Colchester, Essex CO1 1BQ2
£156.5K06/230.66 miFlat 30, Stuart House, St Peters Street, Colchester, Essex CO1 1BQ2
£194K10/200.67 mi7, Sadler Close, Colchester, Essex CO2 7LU2
£175K06/210.67 mi13, Sadler Close, Colchester, Essex CO2 7LU2
£170K07/210.67 mi2, Sadler Close, Colchester, Essex CO2 7LU2
£162K06/230.68 miFlat 9, Parkland Court, Recreation Road, Colchester, Essex CO1 2LB2
£145K01/210.68 miFlat 15, Parkland Court, Recreation Road, Colchester, Essex CO1 2LB2
£145K03/210.68 miFlat 8, Parkland Court, Recreation Road, Colchester, Essex CO1 2LB2
£145K09/210.68 miFlat 19, Charles House, St Peters Street, Colchester, Essex CO1 1BY2
£162K10/210.68 miFlat 18, Charles House, St Peters Street, Colchester, Essex CO1 1BY2
£167K11/220.69 mi30, Ratcliffe Court, Colchester, Essex CO4 0AZ2
£255K09/210.7 mi16, Parkside Quarter, Colchester, Essex CO1 1EA2
£138K06/210.72 mi1a, Alexandra Road, Colchester, Essex CO3 3DB2

Local Rents

50 rents from £895/mo to £3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10003/240.01 miGeorge Williams Way, Town Centre2
£1,10003/240.02 miGeorge Williams Way, Colchester, Essex, CO12
£1,00003/240.06 miGeorge Williams Way, Colchester2
£1,00004/240.06 miGeorge Williams Way, Colchester2
£1,20004/240.06 miCentral Colchester2
£1,05003/240.07 miGeorge Williams Way,Colchester,CO12
£1,05001/250.09 mi-2
£1,30004/250.09 mi-2
£1,00003/250.09 mi-2
£99501/250.12 mi-2
£1,05004/240.12 miKendall Road, Colchester, Essex, CO12
£1,15004/250.14 mi-2
£1,12512/240.14 mi-2
£1,04503/240.14 miSimons Lane, Colchester2
£95004/240.14 miMagdalen Street, Colchester, Essex2
£90003/240.14 miWinnock Road, Colchester2
£97504/240.14 miWinnock Road, Colchester2
£1,20003/240.14 miJames Street, Colchester, Essex, CO12
£1,90004/250.15 mi-2
£1,25005/240.16 mi-2
£1,20003/250.16 mi-2
£1,10004/250.16 mi-2
£1,15004/240.16 miOld Rectory Drive, Brook Street, Colchester, CO12
£1,15001/250.16 mi-2
£1,40003/250.16 mi-2
£1,17501/250.17 mi-2
£1,10003/240.17 miNew Town Road, New Town, Colchester, CO12
£1,25005/240.18 miSmythies Avenue, Colchester, CO12
£1,00011/240.18 mi-2
£1,05010/230.18 miCentral Colchester2
£1,20003/240.19 miWilson Mews, Barrack Street, CO12
£1,10003/240.2 miSaw Mill Road, Colchester, Essex, CO12
£89505/240.2 miKendall Road, Colchester2
£1,10004/240.21 mi-2
£1,15003/240.22 miPriory Street, Colchester, Essex, CO12
£1,05004/250.22 mi-2
£1,15003/240.22 miPriory Street, COLCHESTER2
£1,15003/240.22 miPriory Street, Colchester2
£1,13003/240.22 miPriory Street, Colchester2
£1,14503/240.22 miPriory Street, Colchester2
£1,14003/240.22 miPriory Street, Colchester2
£1,14004/240.22 miPriory Street, Colchester2
£1,00004/250.23 mi-2
£1,20001/240.23 mi-2
£3,00004/240.23 mi-2
£3,00005/240.23 mi-2
£2,80003/250.23 mi-2
£1,20005/240.23 miMilitary Road, COLCHESTER2
£96004/240.23 mi-2
£1,05004/250.23 mi-2

Local Area Statistics

Population in CO1

15,333

Population in Colchester

214,734

Town centre distance

0.97 miles away

Nearest school

0.20 miles away

Nearest train station

0.22 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £150,000

February 20, 2025

Listed for £160,000

January 20, 2025

Floor Plans

Description

  • Two bedroom apartment +
  • Central location +
  • Parking +
  • Separate kitchen +
  • Juliet balcony from reception room and bedroom one +
  • Viewing recommended +

GUIDE PRICE £150,000-£160,000

This well presented two bedroom apartment is located in the City 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. The apartment has allocated parking, but there are also local bus routes and the train station which is 0.3 miles away and perfect for commuters.

The rooms are all of a good sized, and accessed from the entrance hall. The reception room is dual aspect and has a Juliet balcony. The separate kitchen is well fitted with a range of wall and base units, and bedroom one also has a Juliet balcony. There is a three piece bathroom suite.

Service charge £1200 per annum
Ground rent £150 per annum
Council Tax Band B
Lease 125 years from 1st January 2002, 101 years remaining

Please call the office to arrange your appointment to view.

Agent Details

Leaders Sales, Colchester

01206 586093

Next Steps?

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