2 Bed Semi-Detached House, Single Let, Colchester, CO2 7RG, £130,000

Pownall Crescent, Colchester, CO2 7RG - a month ago

Auction
BTL
ROI: 11%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£160K - £310K
Sold Prices/m²£2K/m² - £6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£162,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,800

Total Cash In

£40,300

 

 

Cash Out

 

Rent Range

£775 - £3,000

Rent Estimate

£996

Running Costs/mo

£625

Cashflow/mo

£371

Cashflow/yr

£4,447

ROI

11%

Gross Yield

9%

Local Sold Prices

50 sold prices from £160K to £310K, average is £215K. £2K/m² to £6K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£250K03/230.07 miLlamedos, King George Road, Colchester, Essex CO2 7PE2
£290K05/230.11 mi13, Claudius Road, Colchester, Essex CO2 7RR2
£220K05/210.11 mi21, Campion Road, Colchester, Essex CO2 7RT2
£202.5K04/210.12 mi69, Pownall Crescent, Colchester, Essex CO2 7RF2
£310K08/230.13 mi8, Midland Close, Colchester, Essex CO2 7RS2
£267.5K02/230.14 mi78, Pownall Crescent, Colchester, Essex CO2 7RF2
£205K03/210.15 mi18, Canterbury Road, Colchester, Essex CO2 7RU2
£235K12/220.16 mi9, Lisle Road, Colchester, Essex CO2 7SB2
£174K03/210.16 mi14, Lisle Road, Colchester, Essex CO2 7SB2
£235K03/230.16 mi41, Lisle Road, Colchester, Essex CO2 7SB2
£215K05/230.16 mi38, Lisle Road, Colchester, Essex CO2 7SB2
£175K03/210.18 mi20, Barrington Road, Colchester, Essex CO2 7RP2
£175K03/210.18 mi20, Barrington Road, Colchester, Essex CO2 7RP2
£175K02/210.18 mi3, Barrington Road, Colchester, Essex CO2 7RP2
£210K12/200.18 mi16, Berechurch Road, Colchester, Essex CO2 7QB2
£222.5K11/200.22 mi4, Hyderabad Close, Colchester, Essex CO2 7FZ2
£247.5K01/210.22 mi9, Hyderabad Close, Colchester, Essex CO2 7FZ2
£210K05/230.23 mi97, Lisle Road, Colchester, Essex CO2 7SA2
£200K07/210.23 mi98, Lisle Road, Colchester, Essex CO2 7SA2
£172.5K04/210.23 mi101, Lisle Road, Colchester, Essex CO2 7SA2
£215K03/210.23 mi2a, Cavalier Grove, Colchester, Essex CO2 7SF2
£212.5K01/210.25 mi27, Albion Grove, Colchester, Essex CO2 7RZ2
£243K01/230.27 mi98, Winchester Road, Colchester, Essex CO2 7LN2
£260K03/230.27 mi67, Winchester Road, Colchester, Essex CO2 7LN2
£230K01/230.29 mi128, Canterbury Road, Colchester, Essex CO2 7RY2
£175K04/210.3 mi131, Canterbury Road, Colchester, Essex CO2 7RY2
£216K05/210.31 mi70, Bourne Road, Colchester, Essex CO2 7LP2
£193K02/210.31 mi110, Bourne Road, Colchester, Essex CO2 7LP2
£176K06/210.31 mi77, Bourne Road, Colchester, Essex CO2 7LP2
£305K01/230.32 mi6, Meeanee Mews, Colchester, Essex CO2 7GU2
£220K06/210.33 mi28, Lucas Road, Colchester, Essex CO2 7ER2
£202K03/230.33 mi5, Winchester Road, Colchester, Essex CO2 7LH2
£240K08/230.33 mi32, Winchester Road, Colchester, Essex CO2 7LH2
£205K03/210.33 mi35, Winchester Road, Colchester, Essex CO2 7LH2
£245K06/230.33 mi38, Winchester Road, Colchester, Essex CO2 7LH2
£230K10/210.35 mi31, Bourne Road, Colchester, Essex CO2 7LT2
£220K10/220.36 mi123, Military Road, Colchester, Essex CO1 2AT2
£160K04/210.37 mi131, Military Road, Colchester, Essex CO1 2AT2
£220K03/230.37 mi8, Lucas Road, Colchester, Essex CO2 7ER2
£205K03/210.37 mi24, Mill Street, Colchester, Essex CO1 2AH2
£189K01/210.37 mi11, Mill Street, Colchester, Essex CO1 2AH2
£195K08/210.38 mi31, Lucas Road, Colchester, Essex CO2 7EP2
£180K07/210.38 mi46, Granville Road, Colchester, Essex CO1 2EE2
£196K12/200.38 mi40, Granville Road, Colchester, Essex CO1 2EE2
£220K06/230.38 mi44, Granville Road, Colchester, Essex CO1 2EE2
£220K03/230.38 mi4, Granville Road, Colchester, Essex CO1 2EE2
£220K03/230.38 mi30, Granville Road, Colchester, Essex CO1 2EE2
£220K04/210.39 mi53, Granville Road, Colchester, Essex CO1 2ED2
£203K05/210.4 mi1, Fairfax Mews, Colchester, Essex CO2 7EW2
£183K05/210.4 mi29, Fairfax Road, Colchester, Essex CO2 7EW2

Local Rents

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

RentDateDistanceAddressBeds 
£1,00012/240.06 mi-2
£1,00012/240.06 miAbbey Court, Colchester2
£1,05012/240.16 mi-2
£1,10012/240.16 miLisle Road, Colchester, CO22
£1,15003/250.23 mi-2
£1,15012/240.23 miSteed Crescent, Colchester2
£1,10012/240.25 miAlbion Grove, Colchester, Essex, CO22
£1,15012/240.27 miWinchester Road, Colchester2
£1,20012/240.28 miCentral Colchester2
£1,30012/240.28 miMeeanee Mews, Colchester, Essex, CO22
£1,20012/240.29 miParade Square, Colchester, Essex, CO22
£1,10012/240.3 miParade Square, Colchester, CO22
£1,10012/240.32 mi-2
£1,19512/240.32 miMyrtle Grove, Colchester CO2 2
£1,25001/250.33 mi-2
£1,20004/250.33 mi-2
£1,20005/240.35 miMilitary Road, COLCHESTER2
£3,00004/240.35 mi-2
£3,00005/240.35 mi-2
£2,80003/250.35 mi-2
£1,20001/240.35 mi-2
£1,35002/250.36 mi-2
£1,26001/250.36 mi-2
£1,20012/240.38 miBrookside Close, Colchester, Essex, CO22
£1,30012/240.38 mi-2
£1,05012/240.38 miPearce Court, Colchester2
£1,25004/250.39 mi-2
£95012/240.4 miFairfax Road, COLCHESTER2
£1,20012/240.4 miFairfax Mews, Colchester2
£1,17501/250.41 mi-2
£1,40003/250.41 mi-2
£95012/240.43 mi-2
£1,00004/250.43 mi-2
£90003/240.44 miWinnock Road, Colchester2
£97504/240.44 miWinnock Road, Colchester2
£1,20003/240.44 miJames Street, Colchester, Essex, CO12
£1,29512/240.44 miLondinium Road, Colchester, Essex, CO22
£1,15001/250.44 mi-2
£1,12512/240.44 mi-2
£1,10003/240.45 miNew Town Road, New Town, Colchester, CO12
£1,05012/240.45 mi-2
£1,15004/250.46 mi-2
£1,20012/240.46 miLondinium Road, Colchester2
£89505/240.47 miKendall Road, Colchester2
£99501/250.48 mi-2
£1,05004/240.49 miKendall Road, Colchester, Essex, CO12
£77512/240.5 mi8a The Willows, Colchester2
£1,20005/240.5 miMorant Road, Colchester, CO12
£1,90004/250.51 mi-2
£1,05004/250.51 mi-2

Local Area Statistics

Population in CO2

33,440

Population in Colchester

214,734

Town centre distance

1.03 miles away

Nearest school

0.20 miles away

Nearest train station

0.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+63%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Listed for £130,000

March 25, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • Semi Detached House Close To Station & City Centre +
  • Kitchen & Lounge/Diner +
  • Ground Floor Bathroom +
  • Two First Floor Bedrooms +
  • Parking For One Car +

SUMMARY
OFFERED WITH NO ONWARD CHAIN, this older style two bedroom house is situated on the south side of Colchester off Mersea Road, around 0.6 miles from St Botolphs train station and the city centre. There are further local amenities and schools nearby.

DESCRIPTION
This property could provide an ideal first time purchase or investment opportunity and is offered with no ongoing chain. Ground floor accommodation comprises kitchen, dual aspect lounge, hallway and shower room. The first floor offers two good size bedrooms. Externally there is off road parking for one car.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Entrance Door To: 

Kitchen 
Range of white base and eye level units, work surfaces, inset sink and drainer unit with mixer tap, single oven and four ring gas hob with extractor over, under counter fridge and freezer, dishwasher, radiator, laminate flooring, vaillant combi boiler, double glazed window to side, spotlights, door to:

Lounge 18' max x 9' 1" max ( 5.49m max x 2.77m max )
Laminate flooring, radiator, electric fireplace, double glazed window to front, double glazed window to side, spotlights, door to:

Inner Hall 
Radiator, utility cupboard, space and plumbing for washing machine and tumble dryer, stairs to first floor, door to:

Shower Room 
Modern white three piece suite comprising shower cubicle, vanity wash hand basin and low level w.c., heated towel rail, spotlights, vinyl flooring.

First Floor Accommodation 

Landing 
Double glazed window to front, doors to:

Bedroom One 12' 1" x 9' 1" ( 3.68m x 2.77m )
Double glazed window to side, radiator.

Bedroom Two 11' x 6' 1" max ( 3.35m x 1.85m max )
Double glazed window to side, single wardrobe, radiator, carpet.

Outside 
There is parking for one car and a communal outside space.

DIRECTIONS
Refer to map

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Colchester

01206 586061

Next Steps?

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