£130,000

1 bed flat for sale
Caelum Drive, Colchester CO2

    • 1 bed

    • 1 bath

    • 1 reception

  • EPC Rating: C

Chain free
Leasehold
Added on 25/06/2026

About this property

  • One Bedroom

  • One Bathroom

  • Walking distance to the University

  • Close to local amenities

  • Investment opportunity

  • Chain Free

  • £975 rental income per month

  • 9% Yield at current asking price

**investment opportunity sold prior to marketing**

This one-bedroom apartment on Caelum Drive is an ideal choice for investors looking to capitalize on its proximity to the University. The property promises a rental income of £975 per month, translating to a 9% yield at the current asking price. Its central location ensures easy access to local amenities, making it appealing to tenants seeking convenience.

This chain-free, leasehold apartment presents a straightforward acquisition for buyers looking to expand or start their property portfolio. The property's configuration includes a single bedroom and bathroom, perfectly suited for students or professionals who value ease of access to educational institutions and workplaces. Its affordable price point makes it an attractive option for those seeking entry into the property market.

Surrounded by essential services and public transport options, this apartment's location enhances its investment potential. Prospective buyers will appreciate the short distance to the University and various local shops and services. Act quickly to secure this high-yielding investment opportunity in a sought-after area

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Monthly repayment

£650 per month

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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

More information

  • Tenure

    Leasehold (106 years)

  • Service charge

    £1,550 per year

  • Council tax band

    B

  • Ground rent

    £250

  • Ground rent date of next review

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