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Property Listing Details

Property details

  • 2 bedrooms
  • 2 bathrooms
  • 1 reception room

Listing view statistics

Last 30 days: 38 page views

Since listed: 626 page views

Description

Beautifully presented two bedroom apartment which comprises of an entrance hallway leading to a spacious lounge/dining area with large double glazed windows throughout; fully fitted kitchen with all appliances included; a large double bedroom with three piece en-suite; a three piece bathroom suite with shower over bath; a second bedroom with double glazed window to the front.

In terms of property investment, Colchester offers great opportunities. You get a lot more for your money in this part of the country, and puts one of the benefits to settling in Colchester down to the variety of customer profiles that investors can let their property to, for example Colchester is also a thriving student town, which is increasing the demand for this type of property.

It is also a great commuter belt to London, with a direct train to Liverpool Street Station taking just 56 minutes.

Reasons to invest:
- More than £660,000 is due to be invested into promoting Essex's coast. This will boost the local economy as more tourists visit the area.
- The investment is set to create 277 jobs, which will increase rental demand.
- House prices in Colchester have increased by 21.55% in the last 5 years (Zoopla, July 2019)

Financial Breakdown

Gross rent: £8,640
Ground rent: £250
Service charge: £1,197
Lettings fees: £726
Net income: £6,467
Gross yield: 5.24%
Net yield: 3.92%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-14531

You could get

Superfast broadband Superfast broadband

Up to 80 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Colchester 0.4 miles
  • Colchester Town 1.4 miles
  • Braiswick Primary School 0.4 miles
  • St Helena School 0.6 miles

Local map of the area

Map View Map showing location of property

Local Amenities

  • Colchester 0.4 miles
  • Colchester Town 1.4 miles
  • Braiswick Primary School 0.4 miles
  • St Helena School 0.6 miles

Market stats

Sale activity

Average estimated value for a flat in CO4:

  • £159,175
  • Price increase

  • £5,692
  • (3.709%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £165,932
  • Properties sold

    83

Rental opportunities

Looking for an investment? The average rent for a 2 bedroom flat in CO4 is currently:

£828 pcm

Recent sales nearby

See all recent sales in CO4
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Estimated running costs

Based on available 3rd party data

Mortgage calculator

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How much could I borrow?

In partnership with

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

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.

The Developer

Price history

Sold prices provided by Land Registry
10th Mar 2020 £165,000 Price reduced by £10,000
29th Nov 2019 £175,000 First listed
28th Sep 2007 £173,995 Last sold

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Property descriptions and related information displayed on this page are marketing materials provided by Yieldit. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Yieldit for full details and further information.