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2 Bed House For Sale Wryneck Close, Colchester, CO4

£200,000

Yield: 5.55%
1 of 8
Yield: 5.55%
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  • Rental Guide: £740 - £925
  • 2 Bedroom(s)
  • Description
  • Street View
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Key Features

  • Two-bedroom Quarter-house
  • Perfect Commuting Location
  • Walking Distance To Hospital
  • Allocated Parking Space
  • Pleasant Front Garden
  • Great Investment Opportunity
  • Close To Local Country Park
  • Gas Central Heating
  • Double Glazing
  • Call To View!
Last Updated: 9th June 2020

Description

*** Looking to live near Colchester General Hospital? Look no further! ***
Positioned in a highly sought-after area this two-bedroom quarter-house ticks so many boxes. The property boasts a well-kept front garden and one allocated parking space. Inside the property, the ground floor consists of a comfortable living/dining space and kitchen. Heading to the first floor you are presented with one double bedroom with built in wardrobe storage space, one single bedroom which could effortlessly be transformed into a study or home gym if necessary and a bathroom comprising of a white three-piece suite.
The location of the property is ideal as you are just a short walk from Highwoods Country Park, Colchester General Hospital, 24-hour Supermarket and Colchester North Station. All this in addition to easy access to the A12, this is one which cannot be missed!
Agent Details
Town & Country Residential
9, Osbornes Court, Victoria Place, Colchester, CO7 0EB
Show Contact Number
01206 302 288

Forecast Score

Based on data and factors which historcally influence property prices this property has an overall score as:

Data Classified:
This property has been partially classified.
5.1

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is not enough data available
0

Profitability

Very good rental demand in this area.
Compared to other property investments this gives a very poor return.
0

Interest Rates

Bank of England Base Rate:
0.1%
Current record low interest rates encourage house prices as it encourages people to borrow.
10

Mortgage Availability

Current moderate appetite for banks to lend mortgages will lead to steady house price growth.
5

Fiscal Policy

Stamp Duty:
£6000
9.5

Comparison with other investment alternatives

Investng in this property will give you a slightly better regular return when compared to other conservatve nvestments.
5

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

One&Only Pro are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Rental Data
2 bedroom properties in proximity are mostly listed £695 - £925 – 4 recently listed properties were found in that band. However, the highest were £1,050, £1,000, £950.

These figures should only be used as a guide, always get a rental assessment from a professional.
This is the potential achievable yield.
Potential Return-on-Cash Invested