2 Bed Flat, Single Let, Colchester, CO2 8XY, £160,000

Hawkins Road, Colchester, CO2 8XY - 4 views - 5 years 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£2.3K/m²

Value Estimate

£173,357
BMV8%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Total Cash In

£46,000

 

 

Cash Out

 

Rent Range

£950 - £1,450

Rent Estimate

£1,150

Running Costs/mo

£750

Cashflow/mo

£400

Cashflow/yr

£4,800

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 
£180K02/210.05 mi37 Sail House, Ship Wharf, Colchester, Essex CO2 8YP2
£205K05/230.05 mi65 Sail House, Ship Wharf, Colchester, Essex CO2 8YP2
£147K03/210.05 mi71 Sail House, Ship Wharf, Colchester, Essex CO2 8YP2
£185K12/220.09 mi6, Caelum Drive, Colchester, Essex CO2 8FP2
£176.5K06/230.11 mi3, Caelum Drive, Colchester, Essex CO2 8FN2
£157.5K11/200.14 mi3, Meachen Road, Colchester, Essex CO2 8JD2
£130K04/230.14 mi45, Meachen Road, Colchester, Essex CO2 8JD2
£173K12/200.18 mi9, Meachen Road, Colchester, Essex CO2 8JD2
£170K06/230.23 mi343, Quayside Drive, Colchester, Essex CO2 8GT2
£120K01/210.29 mi18, Haddon Park, Colchester, Essex CO1 2GX2
£165K06/230.29 mi18, Haddon Park, Colchester, Essex CO1 2GX2
£162K06/230.3 miFlat 9, Parkland Court, Recreation Road, Colchester, Essex CO1 2LB2
£145K01/210.3 miFlat 15, Parkland Court, Recreation Road, Colchester, Essex CO1 2LB2
£145K03/210.3 miFlat 8, Parkland Court, Recreation Road, Colchester, Essex CO1 2LB2
£182K01/230.35 mi114, Albany Gardens, Colchester, Essex CO2 8HU2
£182K07/230.36 mi4, Tarrett Drive, Colchester, Essex CO1 2NJ2
£140K03/210.37 mi155, Hythe Hill, Colchester, Essex CO1 2NG2
£140K03/210.37 mi155, Hythe Hill, Colchester, Essex CO1 2NG2
£165K05/210.37 mi156, Hythe Hill, Colchester, Essex CO1 2NG2
£202.5K01/210.38 mi9, Waterside Lane, Colchester, Essex CO2 8HW2
£178K03/230.38 mi13, Waterside Lane, Colchester, Essex CO2 8HW2
£177K07/230.39 mi161, Albany Gardens, Colchester, Essex CO2 8HQ2
£268K10/210.39 mi25, Hythe Hill, Colchester, Essex CO1 2NB2
£165K05/230.61 mi20, Dewberry Close, Colchester, Essex CO4 3RT2
£162K05/210.62 mi12, Saw Mill Road, Colchester, Essex CO1 2ZQ2
£148K06/230.62 mi7, Alyssum Walk, Colchester, Essex CO4 3RW2
£194K10/200.66 mi7, Sadler Close, Colchester, Essex CO2 7LU2
£175K06/210.66 mi13, Sadler Close, Colchester, Essex CO2 7LU2
£170K07/210.66 mi2, Sadler Close, Colchester, Essex CO2 7LU2
£165K06/210.7 miFlat 5, Ravenswood, New Town Road, Colchester, Essex CO1 2EG2
£163.5K10/200.73 mi9, Cooper Walk, Colchester, Essex CO4 3RU2
£242K06/210.74 mi132, Magnolia Drive, Colchester, Essex CO4 3LX2
£150K01/210.74 mi141, George Williams Way, Colchester, Essex CO1 2JR2
£176K07/230.74 mi139, George Williams Way, Colchester, Essex CO1 2JR2
£171K12/220.74 mi191, George Williams Way, Colchester, Essex CO1 2JR2
£161K08/210.75 mi78, George Williams Way, Colchester, Essex CO1 2JZ2
£146.5K01/210.75 mi42, George Williams Way, Colchester, Essex CO1 2JZ2
£150K06/210.75 mi24, George Williams Way, Colchester, Essex CO1 2JZ2
£143K12/200.76 mi106, St Andrews Gardens, Colchester, Essex CO4 3EH2
£245K05/210.77 miFlat 25, The Mill Apartments, East Street, Colchester, Essex CO1 2QT2
£240K10/220.78 mi22, Grosvenor Place, Colchester, Essex CO1 2ZD2
£155K02/210.78 mi30, Steed Crescent, Colchester, Essex CO2 7SJ2
£217.5K04/210.79 mi49, Grosvenor Place, Colchester, Essex CO1 2ZD2
£170K03/210.79 mi14, Grosvenor Place, Colchester, Essex CO1 2ZD2
£197.5K03/230.79 mi29, Grosvenor Place, Colchester, Essex CO1 2ZD2
£142K11/200.8 mi16, Dorchester End, Colchester, Essex CO2 8AR2
£130K12/200.8 mi28, Dorchester End, Colchester, Essex CO2 8AR2
£197.5K02/230.8 mi32, Rouse Way, Colchester, Essex CO1 2TT2
£200K03/210.8 mi26, Rouse Way, Colchester, Essex CO1 2TT2
£185K02/230.8 mi17, Rouse Way, Colchester, Essex CO1 2TT2

Local Rents

50 rents from £950/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,25012/240.02 miHeia Wharf, Hawkins Road , Colchester2
£1,20012/240.04 miHeia Wharf, Hawkins Road, Hythe2
£1,25012/240.04 miHawkins Road, Colchester, Essex, CO22
£1,12512/240.04 miHawkins Road, Colchester, Essex, CO22
£1,25012/240.04 miHawkins Road, Colchester, Essex, CO22
£1,25012/240.04 miHeia Wharf, Hawkins Road2
£1,17512/240.05 mi-2
£1,20012/240.05 miMaponite Buildings, Hawkins Road, Colchester, Essex, CO22
£1,15012/240.05 miShip Wharf, Colchester, Essex, CO22
£1,30012/240.05 miSail House , Colchester2
£1,25012/240.05 miSail House, Colchester2
£1,25012/240.05 miSail House, Colchester2
£1,45012/240.05 miSail House, Ship Wharf2
£1,30012/240.05 miShip Wharf, Hawkins Road, Hythe2
£1,17512/240.05 miShip Wharf, Colchester, Essex, CO22
£1,20012/240.05 miSail House, Ship Wharf2
£1,39512/240.08 miKeel Point, Ship Wharf, Hythe2
£95001/250.09 mi-2
£1,20012/240.09 miShip Wharf, Colchester, Essex, CO22
£1,25012/240.09 miCaelum, Colchester, Essex, CO22
£1,20012/240.09 miShip Wharf, Colchester, Essex, CO22
£1,25012/240.09 miKeel Point, Colchester2
£1,25012/240.09 miKeel Point, Hawkins Road2
£1,30012/240.09 miKeel Point, Hawkins Road2
£1,25012/240.09 miKeel Point, Ship Wharf2
£1,25012/240.09 miCaelum Drive, Colchester, Essex, CO22
£1,30012/240.09 mi-2
£1,25012/240.09 mi-2
£1,19512/240.09 miCaelum Drive, Hythe, Colchester2
£1,15012/240.09 miMaria Court, Hesper Road, Colchester, Essex, CO22
£99512/240.09 miHesper Road, Maria Court2
£1,20012/240.09 miHesper Road, Hythe2
£1,20012/240.09 miCaelum Drive, Colchester, Essex, CO22
£1,20001/250.1 mi-2
£1,17512/240.11 miCaelum Drive, Colchester, Essex, CO22
£1,20012/240.11 miCaelum Drive, Colchester, Essex, CO22
£1,20012/240.11 miCaelum Drive, Colchester, Essex, CO22
£1,12512/240.11 miCaelum Drive, Colchester, Essex, CO22
£1,30012/240.11 miCaelum Drive, Colchester, Essex, CO22
£1,20012/240.11 miCaelum Drive, Colchester, Essex, CO22
£1,20012/240.11 miCaelum Drive, Colchester2
£1,20012/240.11 miCaelum Drive, Colchester2
£1,20012/240.11 miCaelum Drive, Colchester2
£1,12512/240.11 miCaelum Drive, Colchester, Essex, CO22
£1,05012/240.14 miMeachen Road, Colchester, Essex2
£1,20012/240.16 miSpiritus House, Hawkins Road, Colchester2
£1,25012/240.16 miHardies Point, Hawkins Road, Colchester2
£1,15012/240.16 miHardies Point2
£1,20012/240.16 miHardie's Point, Colchester, Essex, CO22
£1,20004/250.16 mi-2

Local Area Statistics

Population in CO2

33,440

Population in Colchester

214,734

Town centre distance

1.78 miles away

Nearest school

0.40 miles away

Nearest train station

0.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+63%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Listed for £160,000

March 13, 2020

Description

  • River Views +
  • Two Bedrooms +
  • Flat +
  • Fantastic Student Let +
  • Sitting Tenants +
  • Modern Living +
  • Allocated Parking +
  • Walking Distance To Hythe Station +

Embrace luxury living in the popular Hythe area! This exquisite river fronted apartment caters to the needs of both students and commuters, offering a prime location within a short walk to the University of Essex and Hythe Station for easy access to London Liverpool Street.

Step into a world of contemporary internal accommodation that defines luxury living. Whether you're a student seeking a stylish haven or a commuter desiring the perfect blend of comfort and accessibility, this apartment exceeds expectations. The location is not just convenient; it's a lifestyle choice, providing proximity to both educational and transportation hubs.

Beyond the impressive interiors, this apartment comes with the rare advantage of its own private garden area. Imagine unwinding in your oasis with stunning views over the river, creating a perfect retreat after a busy day. This property is not just a residence; it's a statement of refined living, offering a special blend of comfort, convenience, and scenic beauty.

Seize the chance to make this very special apartment yours! Call us now to arrange your viewing and ensure you don't miss out on this exceptional opportunity. Whether you're an investor, a commuter, or someone with an appreciation for luxurious living, this apartment is tailored to your desires. Act swiftly to secure your ticket to a lifestyle of sophistication and comfort in the heart of the Hythe area.

Agent Details

haart, Colchester FTB

01206 586069

Next Steps?

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