31, Caelum Drive (FFF), COLCHESTER, Essex, CO2 8FN

Description

Leasehold first floor flat Location: The property is located on Caelum Drive. Shopping amenities are available within Colchester City Centre lying to the north west. Public transport links can be found at Hythe Train Station located to the north and at Colchester Town Train Station lying to the north west along with a network of local bus services serving the surrounding areas. The property is served by road links including the A134 located to the south and the A133 lying to the north east. Recreational pursuits are available at Old Heath Recreation Ground located to the west. Accommodation: One bedroom, reception room, kitchen, bathroom/wc Outside: Balcony EPC Rating: C Council Tax Band: B Lease: Held on a lease at a ground rent of £TBC per annum. To view: 28/8, 5/9 at 9:30am No booking required – Please arrive at the time stated

Location

The property is located on Caelum Drive. Shopping amenities are available within Colchester City Centre lying to the north west. Public transport links can be found at Hythe Train Station located to the north and at Colchester Town Train Station lying to the north west along with a network of local bus services serving the surrounding areas. The property is served by road links including the A134 located to the south and the A133 lying to the north east. Recreational pursuits are available at Old Heath Recreation Ground located to the west. Accommodation: One bedroom, reception room, kitchen, bathroom/wc Outside: Balcony

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £5,000–£10,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Confirm lease length, ground rent, service charge and major works

Recommendation

Preferred strategy: Buy-to-Let / Owner-Occupier. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆