2 Bed Flat, Single Let, Colchester, CO1 2BU, £140,000

Kendall Road, Colchester, Essex, CO1 2BU - 3 views - 3 months ago

Sold STC
BTL
ROI: 8%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£90K - £268K
Sold Prices/m²£1.7K/m² - £4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£168,000
BMV20%

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

£775 - £3,000

Rent Estimate

£899

Running Costs/mo

£637

Cashflow/mo

£262

Cashflow/yr

£3,140

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £90K to £268K, average is £165K. £1.7K/m² to £4K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£161K08/210.09 mi78, George Williams Way, Colchester, Essex CO1 2JZ2
£146.5K01/210.09 mi42, George Williams Way, Colchester, Essex CO1 2JZ2
£150K06/210.09 mi24, George Williams Way, Colchester, Essex CO1 2JZ2
£165K06/210.09 miFlat 5, Ravenswood, New Town Road, Colchester, Essex CO1 2EG2
£150K01/210.11 mi141, George Williams Way, Colchester, Essex CO1 2JR2
£176K07/230.11 mi139, George Williams Way, Colchester, Essex CO1 2JR2
£171K12/220.11 mi191, George Williams Way, Colchester, Essex CO1 2JR2
£160K09/220.14 mi45, George Williams Way, Colchester, Essex CO1 2JP2
£150K11/200.15 mi5, George Williams Way, Colchester, Essex CO1 2JP2
£159K05/210.15 mi81, George Williams Way, Colchester, Essex CO1 2JP2
£162K05/210.16 mi12, Saw Mill Road, Colchester, Essex CO1 2ZQ2
£150K03/210.24 mi101, Nicholsons Grove, Colchester, Essex CO1 2XT2
£90K05/210.27 mi5, The Dell, Colchester, Essex CO1 2YH2
£145K02/210.3 mi15, St Augustine Mews, Colchester, Essex CO1 2PF2
£268K10/210.32 mi25, Hythe Hill, Colchester, Essex CO1 2NB2
£140K03/210.35 mi155, Hythe Hill, Colchester, Essex CO1 2NG2
£140K03/210.35 mi155, Hythe Hill, Colchester, Essex CO1 2NG2
£165K05/210.35 mi156, Hythe Hill, Colchester, Essex CO1 2NG2
£260K11/220.35 mi26, Captain Gardens, Colchester, Essex CO2 7FX2
£182K07/230.38 mi4, Tarrett Drive, Colchester, Essex CO1 2NJ2
£155K02/210.41 mi30, Steed Crescent, Colchester, Essex CO2 7SJ2
£160K10/210.42 mi54a, Barrington Road, Colchester, Essex CO2 7RW2
£245K05/210.42 miFlat 25, The Mill Apartments, East Street, Colchester, Essex CO1 2QT2
£217.5K04/210.46 mi49, Grosvenor Place, Colchester, Essex CO1 2ZD2
£170K03/210.46 mi14, Grosvenor Place, Colchester, Essex CO1 2ZD2
£197.5K03/230.46 mi29, Grosvenor Place, Colchester, Essex CO1 2ZD2
£240K10/220.47 mi22, Grosvenor Place, Colchester, Essex CO1 2ZD2
£194K10/200.53 mi7, Sadler Close, Colchester, Essex CO2 7LU2
£175K06/210.53 mi13, Sadler Close, Colchester, Essex CO2 7LU2
£170K07/210.53 mi2, Sadler Close, Colchester, Essex CO2 7LU2
£162K06/230.54 miFlat 9, Parkland Court, Recreation Road, Colchester, Essex CO1 2LB2
£145K01/210.54 miFlat 15, Parkland Court, Recreation Road, Colchester, Essex CO1 2LB2
£145K03/210.54 miFlat 8, Parkland Court, Recreation Road, Colchester, Essex CO1 2LB2
£165K06/230.54 mi18, Haddon Park, Colchester, Essex CO1 2GX2
£197.5K02/230.54 mi32, Rouse Way, Colchester, Essex CO1 2TT2
£250K07/230.54 mi25, Rouse Way, Colchester, Essex CO1 2TT2
£175K06/210.54 mi24, Rouse Way, Colchester, Essex CO1 2TT2
£200K03/210.54 mi26, Rouse Way, Colchester, Essex CO1 2TT2
£185K02/230.54 mi17, Rouse Way, Colchester, Essex CO1 2TT2
£120K01/210.55 mi18, Haddon Park, Colchester, Essex CO1 2GX2
£190K09/220.56 mi4, York Place, Colchester, Essex CO1 2RF2
£173K12/200.61 mi9, Meachen Road, Colchester, Essex CO2 8JD2
£157.5K11/200.63 mi3, Meachen Road, Colchester, Essex CO2 8JD2
£130K04/230.63 mi45, Meachen Road, Colchester, Essex CO2 8JD2
£146K01/210.65 miFlat 11, Dedham Court, Stalin Road, Colchester, Essex CO2 8SN2
£143K12/200.66 mi106, St Andrews Gardens, Colchester, Essex CO4 3EH2
£180K02/210.69 mi37 Sail House, Ship Wharf, Colchester, Essex CO2 8YP2
£205K05/230.69 mi65 Sail House, Ship Wharf, Colchester, Essex CO2 8YP2
£147K03/210.69 mi71 Sail House, Ship Wharf, Colchester, Essex CO2 8YP2
£185K12/220.72 mi6, Caelum Drive, Colchester, Essex CO2 8FP2

Local Rents

50 rents from £775/mo to £3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,90004/250 mi-2
£1,25005/240.02 mi-2
£1,05004/240.04 miKendall Road, Colchester, Essex, CO12
£89505/240.06 miKendall Road, Colchester2
£1,10003/240.06 miNew Town Road, New Town, Colchester, CO12
£99501/250.06 mi-2
£1,15001/250.07 mi-2
£95004/240.07 miMagdalen Street, Colchester, Essex2
£1,15004/250.07 mi-2
£1,20003/250.07 mi-2
£1,10004/250.07 mi-2
£1,20003/240.07 miWilson Mews, Barrack Street, CO12
£1,00003/240.09 miGeorge Williams Way, Colchester2
£1,00004/240.09 miGeorge Williams Way, Colchester2
£1,20004/240.09 miCentral Colchester2
£1,12512/240.09 mi-2
£1,20003/240.1 miJames Street, Colchester, Essex, CO12
£1,05001/250.1 mi-2
£1,00003/250.1 mi-2
£1,04503/240.1 miSimons Lane, Colchester2
£1,05003/240.11 miGeorge Williams Way,Colchester,CO12
£1,17501/250.11 mi-2
£1,10003/240.12 miGeorge Williams Way, Colchester, Essex, CO12
£1,40003/250.12 mi-2
£1,10003/240.13 miVictoria Place, Colchester,CO1 2DZ2
£1,10004/240.14 miVictoria Place, Colchester, Essex, CO12
£1,10004/240.14 miSt. Leonards Road, Colchester, Essex, CO12
£1,10003/240.15 miGeorge Williams Way, Town Centre2
£90003/240.15 miWinnock Road, Colchester2
£97504/240.15 miWinnock Road, Colchester2
£1,10003/240.15 miCannon Street, Colchester2
£1,15004/240.15 miNew Town2
£1,10003/240.15 miKing Stephen Road, Colchester, Essex, CO12
£1,10003/240.16 miSaw Mill Road, Colchester, Essex, CO12
£77501/240.16 mi-2
£1,20001/240.16 mi-2
£3,00004/240.16 mi-2
£3,00005/240.16 mi-2
£2,80003/250.16 mi-2
£1,10003/240.16 miRebow Street, Colchester, Essex, CO12
£1,15004/240.16 miOld Rectory Drive, Brook Street, Colchester, CO12
£1,20005/240.17 miMilitary Road, COLCHESTER2
£1,00005/240.18 miBarrack Street, Colchester2
£1,25001/250.18 mi-2
£1,20003/240.21 miGunner Mews, Colchester, Essex, CO12
£1,20005/240.22 miMorant Road, Colchester, CO12
£1,10012/240.22 miParade Square, Colchester, CO22
£1,17501/240.23 mi-2
£1,17502/250.23 mi-2
£1,20012/240.23 miParade Square, Colchester, Essex, CO22

Local Area Statistics

Population in CO1

15,333

Population in Colchester

214,734

Town centre distance

1.08 miles away

Nearest school

0.30 miles away

Nearest train station

0.34 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

February 3, 2025

Floor Plans

Description

  • First Floor Landing +
  • Two Bedrooms +
  • Lounge/Kitchen +
  • Well Maintained Throughout +
  • Perfect First Home +
  • Off Road Parking +

Located in the heart of Colchester, this charming first-floor apartment offers a perfect blend of comfort and convenience. Boasting two well-appointed bedrooms, this property is ideal for a small family or professionals seeking a peaceful abode.

The spacious living room is perfect for relaxing or entertaining guests, while the modern kitchen is equipped with all essential appliances for your culinary adventures. Additionally, residents can enjoy the convenience of off-street parking, ensuring a hassle-free experience.

With excellent transport links, local amenities, and schools within easy reach, this apartment offers a fantastic opportunity to experience comfortable living in a sought-after location. Don't miss out on the chance to make this wonderful property your new home. Contact us today to arrange a viewing!

Lounge/Kitchen 5.87m x 3.45m (19' 3" x 11' 4") Double glazed window to front, wall and base level units, sink and drainer with mixer tap over, oven and hob, extractor fan, worktops, space for appliances

Master Bedroom 3.96m x 2.8m (13' 0" x 9' 2") Double glazed window to front

Bedroom Two 2.62m x 2.2m (8' 7" x 7' 3") Velux window

Bathroom 2m x 1.78m (6' 7" x 5' 10") Velux window, low level WC, wash hand basin, shower, partly tiled

Loft Space Partially boarded, currently being used as storage

Parking Off road parking

Agent Details

Harris + Wood, Colchester

01206 586125

Next Steps?

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