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2 bed flat for sale

£183,000 Guide price

Caelum Drive, Colchester CO2

2 2 1
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Property features

  • Two double bedrooms
  • Open plan lounge/diner/kitchen
  • En-suite to master bedroom
  • Seperate bathroom
  • Investment only
  • Walking distance to universtiy
  • 6% yield
  • £925PCM
  • Close to hythe station
  • No chain

Property description

***investment only*** guide price £183,000-£185,000***Offered with no-ongoing chain with tenant in situation paying £925pcm until August 2018 giving an annual yield of 6%. This delightful apartment is situated on the 4th floor and benefits from two double bedrooms, bathroom and separate en-suite shower room to the master bedroom.

Communal Entrance Hall

Stairs and lift to 4th floor.

Entrance Hall

Wood flooring, entry phone system, electric heater, airing and storage cupboard.

Bedroom One (4.24m x 2.84m (13'11 x 9'4))

Double glazed window to side, electric heater, mirrored built in sliding wardrobes.

En-Suite Shower Room

Tiled double shower cubicle, wash basin, low level WC, heated towel rail, part tiled to walls, down lighters to ceiling, extractor fan.

Bedroom Two (3.07m x 2.74m (10'1 x 9))

Double glazed window to side, electric heater.

Bathroom

White suite comprising of paneled bath with mixer taps and shower, wash basin, low level WC, extractor fan, down lighters to ceiling, part tiled to walls.

Open Plan Lounge/Diner/Kitchen (7.42m x 3.78m (24'4 x 12'5))

Lounge/Diner: Double glazed window's to rear and side, two electric heaters, wood flooring.

Kitchen: One and a half bowl single drainer sink unit with cupboards under, matching base and eye level cupboards, roll top work surfaces, built in fridge freezer, oven hob and extractor fan, washer/dryer, dishwasher, down lighters to ceiling, tiled flooring, two double glazed windows to rear.

Outside

Communal grounds close to river colne.

Property info

Market activity
Average price paid £231,729 Sales 546 Current average value £247,289 (Zoopla Zed-Index) Value change £6,122 ▲ 2.54%

Property value data/graphs for CO2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £374,507 £285 3.6 £367,413
Semi-detached £266,198 £275 3.0 £256,813
Terraced £226,603 £269 2.8 £223,186
Flats £171,033 £255 1.8 £156,253

Current asking prices in CO2

Average: £252,888
Avg. current asking prices in CO2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £214,799
(25)
£269,227
(93)
£348,346
(26)
£434,000
(5)
Flats £143,750
(8)
£171,694
(36)
- - -
All £143,750
(8)
£189,360
(61)
£269,227
(93)
£348,346
(26)
£434,000
(5)

Current asking rents in CO2

Average: £917 pcm
Avg. current asking prices in CO2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £351 pcm
(1)
£840 pcm
(9)
£1,196 pcm
(20)
£1,192 pcm
(3)
£1,781 pcm
(1)
Flats £681 pcm
(42)
£882 pcm
(62)
£1,580 pcm
(8)
£1,525 pcm
(2)
-
All £673 pcm
(43)
£877 pcm
(71)
£1,305 pcm
(28)
£1,325 pcm
(5)
£1,781 pcm
(1)

Fun facts for CO2

Highest value in CO2
Highest value streets Zed-Index
Layer Road £881,336
High Road £758,306
Colchester Road £661,169
Hardys Green £536,475
Abberton Road £512,940
Highest turnover in CO2
Highest turnover streets Turnover
Pier Close 75.0%
Madeley Close 69.2%
Cannons Close 60.0%
Tarragona Mews 56.2%
Lungley Rise 54.5%

What Zoopla users think of Colchester

Overall rating:

  • currently 4 stars
Very good - 80% (227 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Colchester:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Hythe (Essex) (0.3 miles)
  • Colchester Town (1.1 miles)
  • Colchester (2.0 miles)
  • London Southend Airport (23.6 miles)
  • London Stansted Airport (29.6 miles)
  • Manston Airport (41.4 miles)
  • Brightlingsea Ferry Landing (6.6 miles)
  • Point Clear Ferry Landing (6.7 miles)
  • Harwich International Ferry Terminal (14.7 miles)

Nearby schools

View all schools in Colchester
  • Kendall Church of England Primary School (0.4 miles)
  • Unity Primary Academy (0.6 miles)
  • Old Heath Community Primary School (0.8 miles)
  • The Sixth Form College Colchester (1.6 miles)
  • Colchester Institute (1.9 miles)
  • Belstead House Adult Education Centre (13.2 miles)
  • Colchester Academy (1.0 mile)
  • The Thomas Lord Audley School (1.4 miles)
  • Colchester High School (1.7 miles)
Note: Distances are straight line measurements

Local info for Colchester

About the neighbours in CO2

AskMe Q&A for Colchester

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For more information about this property, please contact
Jackson & Co, CO2 on +44 1206 915868 * (local rate)

Monthly running costs Beta

£899 Monthly total

Mortgage

Purchase price
Deposit (10%) 18,300
Repayment term 25
Interest rate 1.5
Your payment £658 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £1,000,000 Contents value up to £111,000 Average insurance cost £21/mo (£247/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £25 Electricity £33 Estimated energy cost £58/mo

Similar properties could save up to £172

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 8200 kWh/year
Electricity: 2600 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Colchester

Estimated tax band B Council tax cost £124 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £16 Sewerage £22 Estimated water cost £38 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Jackson & Co about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Jackson & Co, and do not constitute property particulars. Please contact Jackson & Co for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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