14 Belgrave Place, East Hill, Colchester, Essex, CO1 2GP
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
2
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Share of Freehold
- Strictly by appointment with the Auctioneers
Description
RESIDENTIAL INVESTMENT: A TWO BEDROOM APARTMENT WITH HISTORIC CHARACTER IN CITY CENTRE CONSIDERED IDEAL AS A BUY TO LET INVESTMENT
A period apartment set within a former Regency house, located in the very heart of the historic city of Colchester offering two double bedrooms, one with en-suite shower, kitchen, breakfast room, generous lounge and residents' parking, This unique apartment benefits from a communal outside seating and BBQ area as well as allocated parking and although it does require some minor cosmetic improvements, it is considered that the improved property would appeal to both homebuyers and renters.
Entrance Hall
Lounge/Dining Room - 16'0 x 14'3
Kitchen - 10'4 x 8'4
Bathroom - 8'4 x 5'6
Bedroom One - 14'0 x 9'2
En Suite - 7'6 x 3'4
Bedroom Two
It is considered that the property, once improved, could let for a figure in the region of £1,300 per month, (£15,600 per annum), which represents a yield of just over 11.5% of the guide price. It is also considered that it is being offered below market value. According to Rightmove, there are 3 two bedroom apartments in this building that have sold since 2019 for sale prices ranging between just over £200,000 and £322,000.
The apartment is sold with a share of the freehold, however, there is still a communal fund which all freeholders contribute to. The apartment's contribution is currently circa £175 PCM (£2,100 per annum). Please refer to the legal pack for more information
C
Brochures
Legal Documents- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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14 Belgrave Place, East Hill, Colchester, Essex, CO1 2GP
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Visit our security centre to find out moreDisclaimer - Property reference 351205. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Dedman Gray Auctions, Essex. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Dedman Gray Auctions, Essex on 01702 311010.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.