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Flat for sale South Street, Colchester, CO2

Asking price

£65,000

Reduced on 08/10/2026

Type: Flat
Bedrooms: Studio
Tenure: Ask agent

Council tax Band A £1,522 a year

Key features

Top Floor Studio Apartment
No Deposit Option Available
Available NOW
Walking Distance to City Centre/Train Station
Part Furnished
Well-Lit
PERMIT PARKING- NOT INCLUDED

About this property

Price Range £65,000 - £85,000

Calling All Investors!

This beautiful top floor studio apartment presents an excellent opportunity for investors, offering an attractive 9.6% rental yield and the benefit of being sold with tenants already in situ. Whether you’re looking to get onto the property ladder, expand your existing portfolio, or take your first step into property investment, this property could be an ideal opportunity.

Floorplan

Council tax

Band A £1,522 a year

Per year

Band A

This home: £1,522
Band B

£1,776
Band C

£2,029
Band D

£2,283
Band E

£2,790
Band F

£3,297
Band G

£3,805
Band H

£4,566

This home is in band A, which costs £1,522 a year in Colchester for 2026/27.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across Colchester, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone. Check a home's band on GOV.UK.

Location

South Street, Colchester, CO2

Open map Street View

Mortgage and stamp duty

Property price £65,000

£33k £98k

Deposit11% £7,000

£0 £65k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £58,000 mortgage. Most lenders would want a household income of about £13,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
2, Sandra Court, South Street Flat / maisonette	Flat / maisonette	Oct 2025	527 sq ft £256/sq ft	527 sq ft	£256	£135,000
50, South Street Terraced	Terraced	Jun 2025	2,034 sq ft £186/sq ft	2,034 sq ft	£186	£378,000
48, South Street Terraced	Terraced	Apr 2025	829 sq ft £356/sq ft	829 sq ft	£356	£295,000
Flat 6d, 43, South Street Flat / maisonette	Flat / maisonette	Mar 2025	n/a	n/a	n/a	£67,000
48, South Street Terraced	Terraced	Aug 2023	829 sq ft £197/sq ft	829 sq ft	£197	£163,000
49, South Street Terraced	Terraced	Jul 2023	1,033 sq ft £213/sq ft	1,033 sq ft	£213	£220,000
1, Sandra Court, South Street Flat / maisonette	Flat / maisonette	Jan 2023	463 sq ft £259/sq ft	463 sq ft	£259	£120,000
38, South Street Terraced	Terraced	Nov 2022	797 sq ft £383/sq ft	797 sq ft	£383	£305,000