2 Bed Flat, Single Let, Colchester, CO1 1BQ, £150,000

St Peters Street, Colchester, Colchester, CO1 1BQ - 2 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~68 m²
+18 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£184,500
BMV23%

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

£850 - £2,200

Rent Estimate

£900

Running Costs/mo

£669

Cashflow/mo

£231

Cashflow/yr

£2,775

ROI

6%

Gross Yield

7%

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 
£150K03/210.01 miFlat 25, Stuart House, St Peters Street, Colchester, Essex CO1 1BQ2
£156.5K06/230.01 miFlat 30, Stuart House, St Peters Street, Colchester, Essex CO1 1BQ2
£145K09/210.04 miFlat 19, Charles House, St Peters Street, Colchester, Essex CO1 1BY2
£162K10/210.04 miFlat 18, Charles House, St Peters Street, Colchester, Essex CO1 1BY2
£255K09/210.07 mi16, Parkside Quarter, Colchester, Essex CO1 1EA2
£150K11/220.12 mi30, Nunns Road, Colchester, Essex CO1 1EJ2
£172.5K11/220.19 miFlat 10, The Nexus, Victoria Chase, Colchester, Essex CO1 1WJ2
£180K03/230.23 mi73, Victoria Chase, Colchester, Essex CO1 1WB2
£175K04/230.23 mi113, Victoria Chase, Colchester, Essex CO1 1WB2
£185K09/220.24 mi86, Victoria Chase, Colchester, Essex CO1 1WN2
£160K04/210.29 mi156, Victoria Chase, Colchester, Essex CO1 1WW2
£152.5K04/210.29 mi138, Victoria Chase, Colchester, Essex CO1 1WW2
£190K01/230.29 mi102, Sheepen Place, Colchester, Essex CO3 3LT2
£307K12/220.32 mi61, Henry Laver Court, Colchester, Essex CO3 3DY2
£215K11/220.33 mi112, Rotary Way, Colchester, Essex CO3 3LG2
£171K11/220.34 mi143, Rotary Way, Colchester, Essex CO3 3LJ2
£175K08/210.34 mi148, Rotary Way, Colchester, Essex CO3 3LG2
£232.5K07/230.34 mi59, Rotary Way, Colchester, Essex CO3 3LJ2
£173K10/220.34 mi80, Rotary Way, Colchester, Essex CO3 3LG2
£160K04/210.34 mi27, Rotary Way, Colchester, Essex CO3 3LJ2
£190K03/230.35 miFlat 3, Salter Court, St Marys Fields, Colchester, Essex CO3 3FF2
£203K11/210.37 mi87, Henry Laver Court, Colchester, Essex CO3 3DY2
£163K12/200.37 mi6, Rowan Place, Colchester, Essex CO1 1AJ2
£158K04/210.4 mi44, Clarendon Way, Colchester, Essex CO1 1AG2
£177K09/210.4 mi74, Clarendon Way, Colchester, Essex CO1 1AG2
£191.5K04/210.4 mi72, Clarendon Way, Colchester, Essex CO1 1AG2
£220K12/220.4 mi34, Clarendon Way, Colchester, Essex CO1 1AG2
£197.5K02/210.4 mi12, Clarendon Way, Colchester, Essex CO1 1AG2
£165K03/210.4 mi42, Clarendon Way, Colchester, Essex CO1 1AG2
£210K06/230.4 mi24, Clarendon Way, Colchester, Essex CO1 1AG2
£150K12/200.48 mi29, Claremont Heights, Colchester, Essex CO1 1ZU2
£143K12/200.48 mi48, Claremont Heights, Colchester, Essex CO1 1ZU2
£190K09/220.48 mi4, York Place, Colchester, Essex CO1 2RF2
£160K12/220.51 mi134, Claremont Heights, Colchester, Essex CO1 1ZY2
£90K05/210.53 mi5, The Dell, Colchester, Essex CO1 2YH2
£145K02/210.54 mi15, St Augustine Mews, Colchester, Essex CO1 2PF2
£150K03/210.56 mi101, Nicholsons Grove, Colchester, Essex CO1 2XT2
£138K06/210.59 mi1a, Alexandra Road, Colchester, Essex CO3 3DB2
£195K03/210.62 miFlat 1, Cumberland Court, Oaks Drive, Colchester, Essex CO3 3PR2
£150K11/200.65 mi5, George Williams Way, Colchester, Essex CO1 2JP2
£159K05/210.65 mi81, George Williams Way, Colchester, Essex CO1 2JP2
£160K09/220.66 mi45, George Williams Way, Colchester, Essex CO1 2JP2
£165K06/230.67 mi36, Groves Close, Colchester, Essex CO4 5BP2
£180K10/220.67 mi17, Groves Close, Colchester, Essex CO4 5BP2
£180K06/230.67 mi31, Groves Close, Colchester, Essex CO4 5BP2
£179K11/220.67 mi23, Groves Close, Colchester, Essex CO4 5BP2
£245K05/210.7 miFlat 25, The Mill Apartments, East Street, Colchester, Essex CO1 2QT2
£217.5K04/210.7 mi49, Grosvenor Place, Colchester, Essex CO1 2ZD2
£170K03/210.7 mi14, Grosvenor Place, Colchester, Essex CO1 2ZD2
£197.5K03/230.7 mi29, Grosvenor Place, Colchester, Essex CO1 2ZD2

Local Rents

50 rents from £850/mo to £2.2K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,00005/240 miStuart House, St. Peters Street, CO12
£1,00004/240.01 miCity Centre2
£95003/240.04 miSt. Peters Street, Colchester2
£1,15002/240.04 mi-2
£90005/240.05 miSt Peter's Street, Colchester, CO12
£90005/240.05 mi-2
£95001/250.05 mi-2
£1,10003/240.05 miSt. Peters Street, Colchester2
£1,10005/240.06 miColchester2
£91510/230.06 miClaudius Court, St Peters Street, Colchester, Essex2
£1,19503/240.07 miNorthgate Street, Colchester2
£91010/230.07 miParkside Quarter, Colchester2
£1,05004/240.09 miNorthgate Street, Colchester, CO1 1EZ2
£1,20004/240.11 miThe Technique Building, Stockwell Street, Colchester, Essex, CO12
£1,10003/240.11 miStockwell, Colchester, Essex, CO12
£1,00004/240.11 miMiddleborough, COLCHESTER2
£1,00003/240.12 miKane Mews, Northgate Street, CO12
£95004/240.12 miWest Stockwell Street, COLCHESTER2
£92504/240.12 miNunns Road Colchester Essex2
£1,25010/230.13 miCentral Colchester2
£1,25005/240.13 miDutch Quarter2
£2,20001/250.13 mi-2
£1,10005/240.15 miMaidenburgh Street, Colchester, Essex, CO12
£1,10012/240.16 mi-2
£1,09504/240.16 miAlbert Street, Colchester, Essex, CO12
£1,25004/240.16 miWest Stockwell Street, Colchester2
£1,00003/240.19 miNorth Hill, Colchester, Essex, CO12
£1,00003/240.19 miNorth Hill, Colchester, Essex, CO12
£1,00004/240.19 miNorth Hill, Colchester, Essex, CO12
£1,25002/240.2 mi-2
£1,10003/240.2 miAlbert Street, Colchester, Essex, CO12
£92503/240.2 miAlbert Street, Colchester, Essex2
£85003/240.2 miAlbert Street, Colchester, Essex, CO12
£95005/240.2 miAlbert Street, Colchester, Essex2
£1,00002/250.2 mi-2
£92503/240.23 miNorth Station / Town Centre2
£92503/240.23 miNorth Station / Town Centre2
£97503/240.23 miVictoria Chase, North Station, CO12
£97503/240.23 miVictoria Chase, North Station, CO12
£95004/240.23 miVictoria Chase, North Station, CO12
£1,15005/240.24 miAlbert Street, Colchester, Essex, CO12
£97503/240.25 miWalking Distance Of Town And Station2
£1,15004/240.26 miMorten Road, Colchester, Essex, CO12
£1,15004/240.26 miHenry Swan Way, Colchester, Essex, CO12
£1,10004/240.26 miHenry Swan Way, Colchester, Essex, CO12
£1,10003/240.28 miTrinity Street, Colchester, Essex, CO12
£1,10003/240.28 miMorten Road, Colchester2
£1,05005/240.28 miMorten road, Colchester, CO12
£1,39505/240.28 miCastle Bailey, Colchester, Essex, CO12
£1,45003/240.28 miCastle Bailey, Colchester2

Local Area Statistics

Population in CO1

15,333

Population in Colchester

214,734

Town centre distance

0.62 miles away

Nearest school

0.30 miles away

Nearest train station

0.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £150,000

February 27, 2025

Floor Plans

Description

  • Guide Price £150,000 - £160,000 +
  • Within Moments Of Colchester's City Centre & Mainline Station +
  • Ideal First Time Purchase Or Investment Opportunity +
  • Excellent First Floor Apartment +
  • Spacious Family Bathroom +
  • En-Suite To Master Bedroom +
  • Fitted Kitchen With Space For Appliances +
  • Allocated Parking For One Vehicle +
  • Large & Spacious Living Room +

Guide Price £150,000 - £160,000 A opportunity to acquire an excellent first floor apartment, offering two very generous bedrooms and recently decorated and complete with stylish grey carpet throughout. Accessed via a secure telephone entry system, Stuart House is based in the centre of Colchester's city, home to; bars, restaurants, independent retailers, stores and leisure facilities. It is also moments from Colchester's mainline station, offering direct links to London Liverpool Street within the hour, ideal for working professional. It is also a stones throw away from the picturesque Castle Park, often hosting popular concerts and community events. With lift access available if required, this property is based on the first floor of this favourable apartment complex. Well-maintained communal areas lead to the front door, were a welcoming entrance hall can be found with integral storage. A large reception room awaits, with glazed doors providing access to a fitted kitchen with space for appliances. Two double bedrooms are also on offer, with the master bedroom featuring an en-suite shower room. A large family bathroom features geometric vinyl tiled flooring, making the ideal guest bathroom. Complete with allocated parking for one vehicle, we encourage expressing interest early by way of viewing, to prevent inevitable disappointment. Please be advised the photos were taken when the property was vacant. The apartment is now occupied

Agent Details

Michaels Property Consultants Ltd, Colchester

01206 586143

Next Steps?

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