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2 Bed Flat, Single Let, Colchester, CO4 5ZF £140,000

Wheelwright Place, Mile End, Colchester, Essex, CO4 5ZF - 3 months ago
  1. Deal Search
  2. Colchester
  3. CO4
  4. CO4 5ZF
Leasehold
BTL
ROI: 6%
~68 m²

ValuationUndervalued

This may not be accurate, please check manually.

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Links

  • More Deals in Colchester
  • More Deals in CO4
  • More Single Let Deals
  • More Single Let Deals in Colchester
  • More Single Let Deals in CO4

Property History

Price changed to £140,000

September 20, 2025

Listed for £145,000

August 20, 2025

Floor Plans

Description

Set within a popular modern development in Mile End, this two-bedroom second-floor apartment offers a fantastic opportunity for first-time buyers, downsizers, or investors alike. With a bright open-plan layout, well-maintained communal areas, and the convenience of allocated parking, the property combines practical living with a great location close to Colchester’s amenities and transport links.

Key Features

Modern two-bedroom second-floor apartment

Open-plan kitchen and living area

Spacious master bedroom plus second bedroom/home office

Contemporary bathroom

Well-kept communal gardens

Allocated residents’ parking

Leasehold with approx. 107 years remaining

Ground rent: £250 per annum | Service charge: £280 per month

Convenient Mile End location with great local amenities and transport links

Property Description

This attractive two-bedroom apartment is set within a well-maintained development in Mile End, Colchester. Positioned on the second floor, the property offers light-filled living spaces, modern interiors, and practical features that make it ideal for first-time buyers, investors, or those seeking a low-maintenance home.

The welcoming entrance hall leads through to the open-plan kitchen/living room, which provides a sociable space for relaxing or entertaining. The kitchen is fitted with a range of units and ample work surfaces, while the adjoining living area has plenty of room for both seating and dining.

The property includes a spacious master bedroom, a versatile second bedroom that could be used as a guest room, study, or nursery, and a modern bathroom with a three-piece suite.

Outside

Residents benefit from access to well-kept communal gardens, creating a pleasant outlook and extra outdoor space. The property also comes with an allocated parking space, with visitor parking available within the development.

Tenure & Charges

Tenure: Leasehold

Lease remaining: Approximately 107 years

Ground rent: £250 per annum

Service charge: £280 per annum

Location

Wheelwright Place enjoys a convenient position in Mile End, Colchester, a popular and well-connected area with a range of local shops, schools, and leisure facilities nearby. Excellent transport links provide easy access into Colchester town centre, the A12, and Colchester North station, making it a practical choice for commuters.

Viewing is highly recommended to fully appreciate the size and potential of this property.

Buyer Process: Our customers use British Homebuyers to either purchase or assist in selling properties quickly and reliably. Therefore any new applicants to purchase are subject to vetting to ensure they meet strict criteria.

Exclusivity Fee:

You can secure the purchase today by paying an exclusivity fee of £2,000 which gives you the rights to purchase within a given timeframe. The exclusivity fee is returned to you upon successful completion of the property.

A processing fee of £200 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.

Paying this fee ensures that the seller takes their property off the market and reserves it exclusively for you, therefore eliminating the risk of gazumping and aborted costs.

Disclaimer
The particulars are set out as a general outline only for the guidance of intended purchasers and do not constitute, any part of a contract. Nothing in these particulars shall be deemed to be a statement that the property is in good structural condition or otherwise nor that any of the services, appliances, equipment or facilities are in good working order. Purchasers should satisfy themselves of this prior to purchasing. The photograph(s) depict only certain parts of the property. It should not be assumed that any contents/furniture etc. photographed are included in the sale. It should not be assumed that the property remains as displayed in the photograph(s). No assumption should be made with regard to parts of the property that have not been photographed. Any areas, measurements, aspects or distances referred to are given as a GUIDE ONLY and are NOT precise. If such details are fundamental to a purchase, purchasers must rely on their own enquiries. Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further inquiries to ensure that our descriptions are likely to match any expectations you may have.

Agent Details

British Homesellers, National

01727 222221

Next Steps?

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

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Cashflows

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