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2 Bed Flat, Single Let, Colchester, CO4 5BP £150,000

Groves Close, Colchester, CO4 5BP - 10 months ago
  1. Deal Search
  2. Colchester
  3. CO4
  4. CO4 5BP
Sold STC
Leasehold
BTL
ROI: 6%
~68 m²

ValuationUndervalued

This may not be accurate, please check manually.

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Links

  • More Deals in Colchester
  • More Deals in CO4
  • More Single Let Deals
  • More Single Let Deals in Colchester
  • More Single Let Deals in CO4

Property History

Price changed to £150,000

March 20, 2025

Price changed to £165,000

March 4, 2025

Price changed to £170,000

February 8, 2025

Listed for £175,000

January 24, 2025

Floor Plans

Description

  • Walking distance to Colchester station +
  • Dedicated parking space +
  • Open Plan Living Area +
  • Top Floor +
  • Ideal first home or investment purchase +
  • EPC rating of C +
  • London Liverpool Street 47 mins +
  • Dual aspect +

A two bedroom top floor apartment, ideal first home or investment purchase. Highlights include: dual aspect, sizeable reception room, two well-proportioned double bedrooms, fitted kitchen with recently installed AEG double oven, recently fitted carpet and vinyl throughout, and recently installed Heatrae Sadia Megaflo mains pressure hot water cylinder. Dedicated parking space for one vehicle in a residential parking courtyard. Conveniently positioned a short walk to Colchester's mainline station, offering direct links to London Liverpool Street within the hour, this property is ideal for the working professional. Investors should note this property currently has an EPC rating of C (Certificate valid until 28th June 2031) and under the proposed Labour Government reforms of the Minimum Energy Efficiency Standards (MEES), a property with an EPC rating of C will be treated as compliant until their EPC expires and would not need to be assessed immediately after the EPC assessment system changes in 2026. The purchaser could renew the current EPC rating of C using the same assessor for consistency to secure a certificate valid for a new 10 years, and benefit from the proposed transition period before the 2026 reforms. This property also benefits from cavity walls, double glazing, and electric heating & hot water system (no gas system) which are more desirable under the MEES reform changes. In addition, there are two hospitals within walking distance, and new Colchester Rapid Transit route connecting to university and park & ride. It is also conveniently located to Turner Rise Retail Park, benefitting from a range of supermarkets, shops and amenities. Colchester's historic and vibrant city centre is a short walk away, home to a selection of bars, restaurants, boutiques and leisure facilities also. Leasehold information: We have been advised that this property is offered on a leasehold basis, 125 years from 14 June 2007. This would therefore mean approximately 107 years remain on the lease term. A service charge and ground rent is payable (combined) at £175 PCM, including building insurance. We advise all interested parties to confirm all leasehold information with their appointed solicitor at an early stage of their conveyance, to prevent any discrepancy.

Agent Details

Knight Residential, Colchester

01206 586121

Next Steps?

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

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