£108,750

1 bed flat for sale
1 Collyers Court CO1

    • 1 bed

    • 1 bath

    • 1 reception

  • EPC Rating: C

  • Unfurnished
  • Shared ownership
  • Leasehold

Red Loft - Resales

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About this property

  • Bright and spacious sitting/dining room

  • Separate fitted kitchen

  • Generous double bedroom

  • Ideal for first-time buyers or investors

  • Practical and easy-to-maintain layout

  • Convenient location close to Colchester city centre

Situated in a convenient central location on East Street, this well-proportioned one-bedroom apartment offers approximately 474 sq ft (44 sq m) of comfortable living space, making it an ideal opportunity for first-time buyers or those seeking a low-maintenance home close to the city centre.

The accommodation is arranged on a single level and centres around a bright sitting and dining room, providing a welcoming space for relaxing or entertaining. Adjacent to this is a separate kitchen, thoughtfully laid out with practical work surfaces and storage.

The apartment also features a generous double bedroom, offering good floor space and natural light, along with a bathroom suite positioned conveniently off the hallway. The layout is both practical and easy to maintain, making the property well suited to modern lifestyles.

With its excellent location and well-balanced accommodation, this apartment represents a fantastic opportunity to secure a home close to the heart of Colchester.

Key Features

  • One-bedroom apartment
  • Approximately 474 sq ft (44 sq m) of accommodation
  • Bright and spacious sitting / dining room
  • Separate fitted kitchen
  • Generous double bedroom
  • Well-appointed bathroom suite
  • Practical and easy-to-maintain layout
  • Ideal for first-time buyers
  • Convenient location close to Colchester city centre


Key Information

  • Tenure: Shared Ownership
  • Available Shares from: 75%
  • Full Market Value: £145,000
  • Share Value (initial purchase) from: £108,750
  • Rent (on unsold equity): £0
  • Service Charge: £77.39 per month
  • Lease Length: A new lease of 99-years will be granted.
  • Council Tax Band: A
  • EPC Rating: C
Location

The property is located on East Street, within easy reach of the vibrant centre of Colchester, one of the UK's oldest recorded towns. The city offers a wide range of amenities including shops, restaurants, cafés, leisure facilities, and cultural attractions.

Transport links are excellent, with nearby Colchester Town railway station providing rail connections within the region, while Colchester railway station offers direct services to London Liverpool Street, making it a popular location for commuters.

Colchester also benefits from a rich history and green spaces, including the nearby Colchester Castle and Castle Park, providing a blend of heritage, culture and modern living.

Please note that this sale will be completed via a surrender and re-grant, meaning the buyer will receive a new 99-year lease on completion. The maximum share that can be owned under the terms of the lease is 75%.

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More information

  • Tenure

    Leasehold (99 years)

  • Service charge

    £77 per month

  • Council tax band

    A

  • Ground rent

  • Ground rent date of next review

See all recent sales in CO1

Property descriptions and related information displayed on this page are marketing materials provided by - Red Loft - Resales. 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 Red Loft - Resales for full details and further information.