1 bedroom Apartment in Colchester

1 Roger Browning House, Maidenburgh Street, Colchester, Essex CO1 1TT
  • Lot No: 100
  • Property Type: Apartment
  • Contract Type: Unconditional with Variable Fee

Guide Price* £89,500+ plus fees

Property Description

A one bedroom apartment in a very sought after and ever popular Dutch Quarter of Colchester. The property is currently let on an AST producing a rental income of £675 pcm (£8,100 per annum). The property offers an excellent opportunity to acquire a high yielding BTL investment. With rental properties scarce in the local area and with rental incomes increasing, there is potential to increase the rent and generate in the region of £10,000 per year from this property. The accommodation briefly comprises of an entrance hall, kitchen, lounge, double bedroom and bathroom. Externally there is communal parking available. We are informed that the communal heating system and running costs are included within the service charges. Please refer to the legal pack for further information and confirmation. The property benefits from a central position within walking distance of Colchesters historic town centre which offers an array of local amenities and is also within easy reach of Colchester Town Station with direct links to London Liverpool Street.

Leasehold Information

Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.


Additional Information:

Construction Material: Standard Brick. Heating: Community scheme. Broadband Coverage: Standard, Ultrafast and Superfast are available in this location. Mobile signal: O2, Vodafone, EE and Three show as available. Satellite and Cable: BT and Sky show as available in this area.


Draft Sales Details

These sales details are awaiting vendor approval.


Tenure

Leasehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 24th April 2025

Venue National Property Auction
Our national property auction will be broadcast online with live auctioneers. To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

1 Roger Browning House, Maidenburgh Street, Colchester, Essex CO1 1TT