2 bed flat for sale

Flat 12, Stuart House, St. Peters Street, Colchester, Essex CO1

For sale by auction on Wednesday, 09 Dec 2026 at 10:00

Venue: Livestream Auction

A vacant leasehold apartment in Colchester city centre close to Castle Park and within walking distance to Colchester North Station - considered to be ideal for buy to let investment

A two bedroom second floor apartment within a large building that was converted in the late 90's from an office block. The building benefits from a communal gym, lifts to floors and a covered gated car park which provides an allocated parking space for this apartment. The apartment is on the second floor of the building and benefits from a two bedrooms, en-suite shower room, independent bathroom off a hallway and an open plan lounge/kitchen.

It is considered that with some minor cosmetic improvements the flat would make an ideal home for owner occupation or a buy to let investment that could provide a potential rental income of £1200 per month (£14,400 per annum), a gross yield of around 16% of the guide price.

Location
The property is situated just off St Peters Street on the edge of the historic Dutch quarter, lower Castle Park and the River Colne. The High Street and Colchester mainline railway station are well within walking distance and the location provides excellent access to the A12 to London.

Communal Areas & Parking
Communal entrance hall

Access to gym

lift to all floors

Communal lounge

Gated multi-storey car park (One allocated parking space)

Apartment
Lounge/Diner 14' 5" x 12' 9" (4.39m x 3.89m)

Kitchen 7' 5" x 8' 3" (2.26m x 2.51m)

Bedroom One 10' 7" x 9' 7" (3.23m x 2.92m)

En-suite Shower Room

Bedroom Two 10' 8" x 9' 9" (3.25m x 2.97m)

Bathroom

Leasehold Information
Term: 125 years from 24th June 1999 (98 years remaining)

Annual Ground Rent: £175.00

Ground rent review period: Every 25 years

Annual maintenance charge: £3,460.00

Note
There is a residents owned management company and we are advised by the seller that service charges have risen recently due to temporary requirement for 24 hour warden control for fire safety reasons until such time as fire safety improvements are made and therefore it is expected they will be greatly reduced when this is no longer required. For more information please refer to the legal pack.

Council Tax Band
C


EPC Rating: C

Additional Fees
Buyers Premium: £1200 inc VAT payable on exchange of contracts.

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.