2 Bed Flat, Single Let, Colchester, CO1 2NP, £130,000

Hythe Hill, Colchester, Essex, CO1 2NP - 2 views - a month ago

Leasehold
BTL
ROI: 10%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£120K - £268K
Sold Prices/m²£1.8K/m² - £3.5K/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

£900 - £1,450

Rent Estimate

£938

Running Costs/mo

£614

Cashflow/mo

£324

Cashflow/yr

£3,890

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £120K to £268K, average is £170K. £1.8K/m² to £3.5K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£120K01/210.14 mi18, Haddon Park, Colchester, Essex CO1 2GX2
£165K06/230.14 mi18, Haddon Park, Colchester, Essex CO1 2GX2
£180K02/210.18 mi37 Sail House, Ship Wharf, Colchester, Essex CO2 8YP2
£205K05/230.18 mi65 Sail House, Ship Wharf, Colchester, Essex CO2 8YP2
£147K03/210.18 mi71 Sail House, Ship Wharf, Colchester, Essex CO2 8YP2
£157.5K11/200.21 mi3, Meachen Road, Colchester, Essex CO2 8JD2
£130K04/230.21 mi45, Meachen Road, Colchester, Essex CO2 8JD2
£185K12/220.23 mi6, Caelum Drive, Colchester, Essex CO2 8FP2
£182K07/230.23 mi4, Tarrett Drive, Colchester, Essex CO1 2NJ2
£173K12/200.24 mi9, Meachen Road, Colchester, Essex CO2 8JD2
£176.5K06/230.25 mi3, Caelum Drive, Colchester, Essex CO2 8FN2
£140K03/210.26 mi155, Hythe Hill, Colchester, Essex CO1 2NG2
£140K03/210.26 mi155, Hythe Hill, Colchester, Essex CO1 2NG2
£165K05/210.26 mi156, Hythe Hill, Colchester, Essex CO1 2NG2
£268K10/210.29 mi25, Hythe Hill, Colchester, Essex CO1 2NB2
£162K06/230.34 miFlat 9, Parkland Court, Recreation Road, Colchester, Essex CO1 2LB2
£145K01/210.34 miFlat 15, Parkland Court, Recreation Road, Colchester, Essex CO1 2LB2
£145K03/210.34 miFlat 8, Parkland Court, Recreation Road, Colchester, Essex CO1 2LB2
£170K06/230.38 mi343, Quayside Drive, Colchester, Essex CO2 8GT2
£182K01/230.48 mi114, Albany Gardens, Colchester, Essex CO2 8HU2
£202.5K01/210.49 mi9, Waterside Lane, Colchester, Essex CO2 8HW2
£178K03/230.49 mi13, Waterside Lane, Colchester, Essex CO2 8HW2
£162K05/210.5 mi12, Saw Mill Road, Colchester, Essex CO1 2ZQ2
£177K07/230.52 mi161, Albany Gardens, Colchester, Essex CO2 8HQ2
£148K06/230.52 mi7, Alyssum Walk, Colchester, Essex CO4 3RW2
£165K05/230.54 mi20, Dewberry Close, Colchester, Essex CO4 3RT2
£143K12/200.61 mi106, St Andrews Gardens, Colchester, Essex CO4 3EH2
£165K06/210.61 miFlat 5, Ravenswood, New Town Road, Colchester, Essex CO1 2EG2
£245K05/210.63 miFlat 25, The Mill Apartments, East Street, Colchester, Essex CO1 2QT2
£150K01/210.63 mi141, George Williams Way, Colchester, Essex CO1 2JR2
£176K07/230.63 mi139, George Williams Way, Colchester, Essex CO1 2JR2
£171K12/220.63 mi191, George Williams Way, Colchester, Essex CO1 2JR2
£240K10/220.63 mi22, Grosvenor Place, Colchester, Essex CO1 2ZD2
£163.5K10/200.64 mi9, Cooper Walk, Colchester, Essex CO4 3RU2
£217.5K04/210.64 mi49, Grosvenor Place, Colchester, Essex CO1 2ZD2
£170K03/210.64 mi14, Grosvenor Place, Colchester, Essex CO1 2ZD2
£197.5K03/230.64 mi29, Grosvenor Place, Colchester, Essex CO1 2ZD2
£161K08/210.64 mi78, George Williams Way, Colchester, Essex CO1 2JZ2
£146.5K01/210.64 mi42, George Williams Way, Colchester, Essex CO1 2JZ2
£150K06/210.64 mi24, George Williams Way, Colchester, Essex CO1 2JZ2
£197.5K02/230.65 mi32, Rouse Way, Colchester, Essex CO1 2TT2
£250K07/230.65 mi25, Rouse Way, Colchester, Essex CO1 2TT2
£175K06/210.65 mi24, Rouse Way, Colchester, Essex CO1 2TT2
£200K03/210.65 mi26, Rouse Way, Colchester, Essex CO1 2TT2
£185K02/230.65 mi17, Rouse Way, Colchester, Essex CO1 2TT2
£194K10/200.68 mi7, Sadler Close, Colchester, Essex CO2 7LU2
£175K06/210.68 mi13, Sadler Close, Colchester, Essex CO2 7LU2
£170K07/210.68 mi2, Sadler Close, Colchester, Essex CO2 7LU2
£150K11/200.71 mi5, George Williams Way, Colchester, Essex CO1 2JP2
£159K05/210.71 mi81, George Williams Way, Colchester, Essex CO1 2JP2

Local Rents

50 rents from £900/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£90001/250.05 mi-2
£1,20003/240.06 miHythe Hill, Colchester, Essex, CO12
£1,05003/240.1 miSpurgeon Street, Colchester2
£1,20004/240.11 miHaddon Park, Colchester, CO12
£1,07503/240.11 miHaddon Park, Colchester, Essex, CO12
£1,25012/240.14 miHeia Wharf, Hawkins Road , Colchester2
£1,20012/240.14 miHeia Wharf, Hawkins Road, Hythe2
£1,15004/240.14 miHaddon Park, COLCHESTER2
£1,15004/240.14 miHaddon Park, Colchester2
£1,25012/240.15 miHawkins Road, Colchester, Essex, CO22
£1,12512/240.15 miHawkins Road, Colchester, Essex, CO22
£1,25012/240.15 miHawkins Road, Colchester, Essex, CO22
£1,25012/240.15 miHeia Wharf, Hawkins Road2
£95001/250.16 mi-2
£1,30012/240.16 mi-2
£1,25012/240.16 mi-2
£1,15012/240.17 miMaria Court, Hesper Road, Colchester, Essex, CO22
£99512/240.17 miHesper Road, Maria Court2
£1,20012/240.17 miHesper Road, Hythe2
£1,05004/240.17 miSt Leonards Road, Colchester, Essex, CO12
£1,17512/240.18 mi-2
£1,15012/240.18 miShip Wharf, Colchester, Essex, CO22
£1,30012/240.18 miSail House , Colchester2
£1,25012/240.18 miSail House, Colchester2
£1,25012/240.18 miSail House, Colchester2
£1,45012/240.18 miSail House, Ship Wharf2
£1,30012/240.18 miShip Wharf, Hawkins Road, Hythe2
£1,17512/240.18 miShip Wharf, Colchester, Essex, CO22
£1,20012/240.18 miSail House, Ship Wharf2
£1,20012/240.18 miMaponite Buildings, Hawkins Road, Colchester, Essex, CO22
£1,10003/240.19 miConnaught Close, Colchester, Essex CO12
£1,20004/250.2 mi-2
£97503/240.2 miConnaught Close, Colchester2
£1,00003/240.2 miWindsor Court, Hythe Hill2
£1,10003/240.2 miHythe Hill, COLCHESTER2
£1,00003/240.2 miWindsor Court, Colchester2
£1,25004/250.2 mi-2
£1,00005/240.2 miConnaught Close, Colchester, Essex, CO12
£1,39512/240.2 miKeel Point, Ship Wharf, Hythe2
£1,05012/240.21 miMeachen Road, Colchester, Essex2
£1,10012/240.21 miSt Leonards Road, COLCHESTER2
£1,20012/240.22 miShip Wharf, Colchester, Essex, CO22
£1,25012/240.22 miCaelum, Colchester, Essex, CO22
£1,20012/240.22 miShip Wharf, Colchester, Essex, CO22
£1,25012/240.22 miKeel Point, Colchester2
£1,25012/240.22 miKeel Point, Hawkins Road2
£1,30012/240.22 miKeel Point, Hawkins Road2
£1,25012/240.22 miKeel Point, Ship Wharf2
£1,25012/240.22 miCaelum Drive, Colchester, Essex, CO22
£1,05004/250.22 mi-2

Local Area Statistics

Population in CO1

15,333

Population in Colchester

214,734

Town centre distance

1.67 miles away

Nearest school

0.40 miles away

Nearest train station

0.12 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £130,000

March 25, 2025

Description

"A sizeable flat with only a few minutes walk to Hythe station and a Tesco superstore just around the corner"

LOCATION and SIZE are the two key strengths of this 2 bedroom flat. Its above a commercial garage so it'll be nice and quiet in the evenings. It needs freshening up a little but could be a great first time buy or investment property (over 8% YIELD and perfect for students) CHAIN FREE PROPERTY with long lease and low charges.

Agent Details

Leaders Sales, Colchester

01206 586093

Next Steps?

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