2 Bed Flat, Single Let, Colchester, CO2 8GT, £140,000

Quayside Drive, Colchester, Essex, CO2 8GT - 5 views - 2 months ago

Leasehold
BTL
ROI: 11%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£120K - £268K
Sold Prices/m²£1.6K/m² - £3.5K/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

£8,200

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£1,000 - £1,800

Rent Estimate

£1,050

Running Costs/mo

£668

Cashflow/mo

£383

Cashflow/yr

£4,590

ROI

11%

Gross Yield

9%

Local Sold Prices

50 sold prices from £120K to £268K, average is £161.5K. £1.6K/m² to £3.5K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£170K06/230.01 mi343, Quayside Drive, Colchester, Essex CO2 8GT2
£176.5K06/230.15 mi3, Caelum Drive, Colchester, Essex CO2 8FN2
£185K12/220.17 mi6, Caelum Drive, Colchester, Essex CO2 8FP2
£182K01/230.2 mi114, Albany Gardens, Colchester, Essex CO2 8HU2
£180K02/210.21 mi37 Sail House, Ship Wharf, Colchester, Essex CO2 8YP2
£205K05/230.21 mi65 Sail House, Ship Wharf, Colchester, Essex CO2 8YP2
£147K03/210.21 mi71 Sail House, Ship Wharf, Colchester, Essex CO2 8YP2
£177K07/230.25 mi161, Albany Gardens, Colchester, Essex CO2 8HQ2
£157.5K11/200.26 mi3, Meachen Road, Colchester, Essex CO2 8JD2
£130K04/230.26 mi45, Meachen Road, Colchester, Essex CO2 8JD2
£202.5K01/210.28 mi9, Waterside Lane, Colchester, Essex CO2 8HW2
£178K03/230.28 mi13, Waterside Lane, Colchester, Essex CO2 8HW2
£173K12/200.28 mi9, Meachen Road, Colchester, Essex CO2 8JD2
£162K06/230.39 miFlat 9, Parkland Court, Recreation Road, Colchester, Essex CO1 2LB2
£145K01/210.39 miFlat 15, Parkland Court, Recreation Road, Colchester, Essex CO1 2LB2
£145K03/210.39 miFlat 8, Parkland Court, Recreation Road, Colchester, Essex CO1 2LB2
£120K01/210.51 mi18, Haddon Park, Colchester, Essex CO1 2GX2
£165K06/230.52 mi18, Haddon Park, Colchester, Essex CO1 2GX2
£182K07/230.57 mi4, Tarrett Drive, Colchester, Essex CO1 2NJ2
£140K03/210.58 mi155, Hythe Hill, Colchester, Essex CO1 2NG2
£140K03/210.58 mi155, Hythe Hill, Colchester, Essex CO1 2NG2
£165K05/210.58 mi156, Hythe Hill, Colchester, Essex CO1 2NG2
£268K10/210.6 mi25, Hythe Hill, Colchester, Essex CO1 2NB2
£194K10/200.72 mi7, Sadler Close, Colchester, Essex CO2 7LU2
£175K06/210.72 mi13, Sadler Close, Colchester, Essex CO2 7LU2
£170K07/210.72 mi2, Sadler Close, Colchester, Essex CO2 7LU2
£242K06/210.75 mi132, Magnolia Drive, Colchester, Essex CO4 3LX2
£165K05/230.76 mi20, Dewberry Close, Colchester, Essex CO4 3RT2
£142K11/200.77 mi16, Dorchester End, Colchester, Essex CO2 8AR2
£130K12/200.78 mi28, Dorchester End, Colchester, Essex CO2 8AR2
£148K06/230.8 mi7, Alyssum Walk, Colchester, Essex CO4 3RW2
£140K08/230.8 mi12, Flanders Field, Colchester, Essex CO2 8BX2
£125K06/230.8 mi36, Flanders Field, Colchester, Essex CO2 8BX2
£140K09/210.83 mi32, Ferdinand Walk, Colchester, Essex CO4 3TT2
£162K05/210.83 mi12, Saw Mill Road, Colchester, Essex CO1 2ZQ2
£150K03/210.83 mi45, Viceroy Close, Colchester, Essex CO2 8BQ2
£150.5K12/220.83 mi43, Viceroy Close, Colchester, Essex CO2 8BQ2
£150K02/230.84 mi18, Siena Mews, Colchester, Essex CO2 8YB2
£158.5K01/210.84 mi6, Siena Mews, Colchester, Essex CO2 8YB2
£165K06/210.87 miFlat 5, Ravenswood, New Town Road, Colchester, Essex CO1 2EG2
£146K01/210.88 miFlat 11, Dedham Court, Stalin Road, Colchester, Essex CO2 8SN2
£155K02/210.88 mi30, Steed Crescent, Colchester, Essex CO2 7SJ2
£163.5K10/200.9 mi9, Cooper Walk, Colchester, Essex CO4 3RU2
£160K10/210.93 mi54a, Barrington Road, Colchester, Essex CO2 7RW2
£150K01/210.95 mi141, George Williams Way, Colchester, Essex CO1 2JR2
£176K07/230.95 mi139, George Williams Way, Colchester, Essex CO1 2JR2
£171K12/220.95 mi191, George Williams Way, Colchester, Essex CO1 2JR2
£161K08/210.95 mi78, George Williams Way, Colchester, Essex CO1 2JZ2
£146.5K01/210.95 mi42, George Williams Way, Colchester, Essex CO1 2JZ2
£150K06/210.95 mi24, George Williams Way, Colchester, Essex CO1 2JZ2

Local Rents

50 rents from £1K/mo to £1.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,00001/250 mi-2
£1,15012/240.01 miQuayside Drive, Colchester, Essex, CO22
£1,20012/240.01 miQuayside Drive, Colchester, Essex, CO22
£1,20012/240.01 miQuayside Drive, Colchester, Essex, CO22
£1,17512/240.01 miQuayside Drive, Colchester, Essex, CO22
£1,10012/240.01 miQuayside Drive, Colchester2
£1,15012/240.01 miQuayside Drive, Hythe2
£1,30012/240.03 miQuayside Drive, Colchester, Essex2
£1,10002/250.04 mi-2
£1,20012/240.06 miQuayside Drive, Colchester2
£1,20012/240.06 miQuayside Drive, COLCHESTER2
£1,25012/240.06 miPier Wharf, Colchester2
£1,20012/240.07 miQuayside Drive, Colchester2
£1,20012/240.07 miSpiritus House, Hawkins Road, Colchester2
£1,25012/240.07 miHardies Point, Hawkins Road, Colchester2
£1,15012/240.07 miHardies Point2
£1,20012/240.07 miHardie's Point, Colchester, Essex, CO22
£1,80012/240.09 miBallantyne Drive, , Colchester2
£1,80012/240.09 miBallantyne Drive, , Colchester2
£1,09512/240.11 miCapstan Place, Colchester2
£1,05012/240.14 mi-2
£1,10002/250.15 mi-2
£1,19512/240.15 miCaelum Drive, Hythe, Colchester2
£1,17512/240.15 miCaelum Drive, Colchester, Essex, CO22
£1,20012/240.15 miCaelum Drive, Colchester, Essex, CO22
£1,20012/240.15 miCaelum Drive, Colchester, Essex, CO22
£1,12512/240.15 miCaelum Drive, Colchester, Essex, CO22
£1,30012/240.15 miCaelum Drive, Colchester, Essex, CO22
£1,20012/240.15 miCaelum Drive, Colchester, Essex, CO22
£1,20012/240.15 miCaelum Drive, Colchester2
£1,20012/240.15 miCaelum Drive, Colchester2
£1,20012/240.15 miCaelum Drive, Colchester2
£1,12512/240.15 miCaelum Drive, Colchester, Essex, CO22
£1,20001/250.16 mi-2
£1,20012/240.17 miCaelum Drive, Colchester, Essex, CO22
£1,20012/240.19 miShip Wharf, Colchester, Essex, CO22
£1,25012/240.19 miCaelum, Colchester, Essex, CO22
£1,20012/240.19 miShip Wharf, Colchester, Essex, CO22
£1,25012/240.19 miKeel Point, Colchester2
£1,25012/240.19 miKeel Point, Hawkins Road2
£1,30012/240.19 miKeel Point, Hawkins Road2
£1,25012/240.19 miKeel Point, Ship Wharf2
£1,25012/240.19 miCaelum Drive, Colchester, Essex, CO22
£1,39512/240.19 miKeel Point, Ship Wharf, Hythe2
£1,15002/250.19 mi-2
£1,20012/240.2 miMaponite Buildings, Hawkins Road, Colchester, Essex, CO22
£1,02512/240.2 miAlbany Gardens, Colchester, Essex, CO22
£1,10012/240.2 miAlbany Gardens, Colchester, Essex, CO22
£1,20012/240.2 miAlbany Gardens, Colchester2
£1,17512/240.21 mi-2

Local Area Statistics

Population in CO2

33,440

Population in Colchester

214,734

Town centre distance

1.96 miles away

Nearest school

0.40 miles away

Nearest train station

0.40 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+63%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Listed for £140,000

February 28, 2025

Floor Plans

Description

  • ** Investors only ** +
  • Apartment located close to university +
  • Open plan living / dining / kitchen +
  • Bedroom with ensuite +
  • Further bedroom +
  • Bathroom +
  • Parking +

Investors only Ideally located for the University of Essex, this two-bedroomed, second floor apartment offers accommodation comprising open plan living room / kitchen, principal bedroom with ensuite shower room, further bedroom and bathroom. The property also benefits from one allocated parking space.

Agent Details

Kingsleigh Residential, Dedham

01206 586130

Next Steps?

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