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

Belgrave Place, East Hill, Colchester, Essex, CO1 2GP - 2 views - 3 months ago

BTL
ROI: 7%
~68 m²
+1 photos

ValuationUndervalued

Sold Prices£90K - £307K
Sold Prices/m²£1.5K/m² - £4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£186,442
BMV24%

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

£900 - £2,900

Rent Estimate

£950

Running Costs/mo

£679

Cashflow/mo

£271

Cashflow/yr

£3,255

ROI

7%

Gross Yield

8%

Local Sold Prices

50 sold prices from £90K to £307K, average is £165K. £1.5K/m² to £4K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£145K02/210.12 mi15, St Augustine Mews, Colchester, Essex CO1 2PF2
£90K05/210.2 mi5, The Dell, Colchester, Essex CO1 2YH2
£150K03/210.21 mi101, Nicholsons Grove, Colchester, Essex CO1 2XT2
£190K09/220.21 mi4, York Place, Colchester, Essex CO1 2RF2
£150K11/200.27 mi5, George Williams Way, Colchester, Essex CO1 2JP2
£159K05/210.27 mi81, George Williams Way, Colchester, Essex CO1 2JP2
£160K09/220.29 mi45, George Williams Way, Colchester, Essex CO1 2JP2
£245K05/210.3 miFlat 25, The Mill Apartments, East Street, Colchester, Essex CO1 2QT2
£150K01/210.31 mi141, George Williams Way, Colchester, Essex CO1 2JR2
£176K07/230.31 mi139, George Williams Way, Colchester, Essex CO1 2JR2
£171K12/220.31 mi191, George Williams Way, Colchester, Essex CO1 2JR2
£217.5K04/210.32 mi49, Grosvenor Place, Colchester, Essex CO1 2ZD2
£170K03/210.32 mi14, Grosvenor Place, Colchester, Essex CO1 2ZD2
£197.5K03/230.32 mi29, Grosvenor Place, Colchester, Essex CO1 2ZD2
£161K08/210.33 mi78, George Williams Way, Colchester, Essex CO1 2JZ2
£146.5K01/210.33 mi42, George Williams Way, Colchester, Essex CO1 2JZ2
£150K06/210.33 mi24, George Williams Way, Colchester, Essex CO1 2JZ2
£240K10/220.33 mi22, Grosvenor Place, Colchester, Essex CO1 2ZD2
£197.5K02/230.39 mi32, Rouse Way, Colchester, Essex CO1 2TT2
£250K07/230.39 mi25, Rouse Way, Colchester, Essex CO1 2TT2
£175K06/210.39 mi24, Rouse Way, Colchester, Essex CO1 2TT2
£200K03/210.39 mi26, Rouse Way, Colchester, Essex CO1 2TT2
£185K02/230.39 mi17, Rouse Way, Colchester, Essex CO1 2TT2
£162K05/210.4 mi12, Saw Mill Road, Colchester, Essex CO1 2ZQ2
£150K03/210.44 miFlat 25, Stuart House, St Peters Street, Colchester, Essex CO1 1BQ2
£156.5K06/230.44 miFlat 30, Stuart House, St Peters Street, Colchester, Essex CO1 1BQ2
£150K11/220.45 mi30, Nunns Road, Colchester, Essex CO1 1EJ2
£145K09/210.47 miFlat 19, Charles House, St Peters Street, Colchester, Essex CO1 1BY2
£162K10/210.47 miFlat 18, Charles House, St Peters Street, Colchester, Essex CO1 1BY2
£255K09/210.49 mi16, Parkside Quarter, Colchester, Essex CO1 1EA2
£165K06/210.49 miFlat 5, Ravenswood, New Town Road, Colchester, Essex CO1 2EG2
£167K11/220.53 mi30, Ratcliffe Court, Colchester, Essex CO4 0AZ2
£143K12/200.55 mi106, St Andrews Gardens, Colchester, Essex CO4 3EH2
£260K11/220.58 mi26, Captain Gardens, Colchester, Essex CO2 7FX2
£268K10/210.62 mi25, Hythe Hill, Colchester, Essex CO1 2NB2
£172.5K11/220.62 miFlat 10, The Nexus, Victoria Chase, Colchester, Essex CO1 1WJ2
£140K03/210.63 mi155, Hythe Hill, Colchester, Essex CO1 2NG2
£140K03/210.63 mi155, Hythe Hill, Colchester, Essex CO1 2NG2
£165K05/210.63 mi156, Hythe Hill, Colchester, Essex CO1 2NG2
£182K07/230.64 mi4, Tarrett Drive, Colchester, Essex CO1 2NJ2
£190K03/230.64 miFlat 3, Salter Court, St Marys Fields, Colchester, Essex CO3 3FF2
£155K03/210.65 mi154, Ipswich Road, Colchester, Essex CO4 0AF2
£307K12/220.65 mi61, Henry Laver Court, Colchester, Essex CO3 3DY2
£137K06/230.65 mi12a, Rayleigh Close, Colchester, Essex CO4 0AT2
£180K08/230.65 mi14, Rayleigh Close, Colchester, Essex CO4 0AT2
£145K12/200.65 mi7a, Rayleigh Close, Colchester, Essex CO4 0AT2
£140K12/200.65 mi140a, Ipswich Road, Colchester, Essex CO4 0AF2
£180K03/230.66 mi73, Victoria Chase, Colchester, Essex CO1 1WB2
£175K04/230.66 mi113, Victoria Chase, Colchester, Essex CO1 1WB2
£158.5K01/210.66 mi13, King Cole Place, Colchester, Essex CO4 0BA2

Local Rents

50 rents from £900/mo to £2.9K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95003/240.09 miEast Hill, Colchester, CO12
£95004/240.09 miEast Hill, Colchester, CO12
£1,10005/240.09 miGrantham Court, Colchester2
£1,20002/250.12 mi-2
£1,15003/240.13 miCastle Road, Colchester, Essex, CO12
£1,25005/240.16 miSmythies Avenue, Colchester, CO12
£1,00011/240.18 mi-2
£1,10003/240.19 miEast Hill, Colchester Town2
£1,15003/240.19 miPriory Street, Colchester, Essex, CO12
£1,15003/240.2 miPriory Street, COLCHESTER2
£1,15003/240.2 miPriory Street, Colchester2
£1,13003/240.2 miPriory Street, Colchester2
£1,14503/240.2 miPriory Street, Colchester2
£1,14003/240.2 miPriory Street, Colchester2
£1,14004/240.2 miPriory Street, Colchester2
£1,05010/230.2 miCentral Colchester2
£1,39505/240.2 miCastle Bailey, Colchester, Essex, CO12
£1,45003/240.2 miCastle Bailey, Colchester2
£1,30004/250.21 mi-2
£1,10003/240.22 miHigh Street, Colchester, Essex, CO12
£1,00004/240.22 miHigh Street, Colchester, Essex, CO12
£1,00005/240.23 miBrook Street, COLCHESTER2
£96004/240.24 mi-2
£1,05004/250.24 mi-2
£96004/240.24 miBrook Street, Colchester, CO12
£1,10004/240.25 mi-2
£2,90012/240.27 mi-2
£1,10003/240.27 miGeorge Williams Way, Town Centre2
£90012/240.28 miMeryls Court, 28 St Botolphs Street, Colchester, 2
£1,10012/240.28 mi-2
£1,10005/240.29 miMaidenburgh Street, Colchester, Essex, CO12
£1,10003/240.3 miGeorge Williams Way, Colchester, Essex, CO12
£1,10003/240.3 miCulver Walk, Colchester, CO12
£1,35003/240.3 miThe Mill Apartments, East Street, Colchester, Essex, CO12
£1,35005/240.3 miThe Mill Apartments, East Street, Colchester, Essex, CO12
£1,05003/240.31 miGeorge Williams Way,Colchester,CO12
£1,25010/230.31 miCentral Colchester2
£1,25005/240.31 miDutch Quarter2
£1,00003/240.31 miEast Street, Colchester2
£1,15003/240.32 miGrosvenor Place, Colchester2
£1,15004/240.32 miGrosvenor Place, Colchester2
£1,00003/240.33 miGeorge Williams Way, Colchester2
£1,00004/240.33 miGeorge Williams Way, Colchester2
£1,20004/240.33 miCentral Colchester2
£1,00003/250.33 mi-2
£1,05001/250.33 mi-2
£1,05004/250.33 mi-2
£1,15004/240.33 miOld Rectory Drive, Brook Street, Colchester, CO12
£90003/240.35 miBrook Street,Colchester2
£95003/240.35 miGrays Cottages, Colchester2

Local Area Statistics

Population in CO1

15,333

Population in Colchester

214,734

Town centre distance

0.89 miles away

Nearest school

0.10 miles away

Nearest train station

0.29 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 16, 2025

Listed for £175,000

January 23, 2025

Floor Plans

Description

  • Attention Investors +
  • Spacious Two Bedroom Apartment +
  • City Centre Location +
  • Tenants in Situ +
  • Acheiveing £1250.00 pcm +
  • Off Road Parking +
  • Viewing Essential +

* Attention Investors * Priced to Sell *** Saxons are delighted to offer to the market this well presented and spacious top floor apartment which is perfectly located for easy access to the City Center and amenities.

Forming part of this charming conversion, the property currently has tenants in residence and achieves £1250.00 pcm. We strongly recommend an early viewing to fully appreciate the accommodation and location on offer.

ENTRANCE HALL
Security entrance telecom, built in storage cupboard, doors to:

KITCHEN 9' 8" x 6' 6"
Range of wall and base level units, sink and drainer with mixer tap over, oven and hob, extractor fan, fitted worktops, space for appliances

LOUNGE 15' 0" x 11' 5"
Three windows to front, radiator

BEDROOM ONE 25' 3" x 15' 4"
Three windows to sides, radiator

BEDROOM TWO 11' 0" x 9' 2"
Window to side, large fitted wardrobe, radiator

BATHROOM 11' 0" x 5' 8"
Window to rear, white suite comprises low level WC, wash hand basin, bath with shower over, storage cupboard

OUTSIDE & GARDENS
The property has communal gardens and one allocated parking space.

These property particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. All measurements quoted are approximate and we have not tested any of the services or appliances at this property. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy

Agent Details

Saxons Estate Agents, Colchester

01206 586085

Next Steps?

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