2 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold (106 years remaining)
- Two double bedrooms
- Excellent location for North Station (Colchester) and the A12
- Open plan living space
- Ensuite shower room
- Balcony
- Allocated parking
- Gross annual return of £9,180 in rental income
Being Sold via Secure Sale online bidding. Terms & Conditions apply.
Starting Bid £150,000
This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.
Located in New Braiswick Park, approximately 2km northwest of Colchester's city centre, this two-bedroom apartment on Axial Drive combines convenience of city proximity with excellent local transportation links. It offers easy access to Colchester North Station and the A12, making it a strategic choice for those traveling to London or exploring Essex or those considering an investment in an area of significant demand.
The apartment spans approximately 538 square feet, featuring an efficient layout that includes two double bedrooms, an open-plan living space, and two bathrooms, one of which is an ensuite to the master bedroom. The entrance hall, carpeted and equipped with a phone entry system, leads to all main rooms, including the airy living room which is directly connected to the kitchen area. This main living space is complemented by a Juliette balcony, adding light and an open feel to the room. The smart kitchen is fitted with cream shaker-style units, a square edge work surface, and includes space for essential appliances.
The first bedroom offers built-in wardrobe space and access to its own balcony through French doors, alongside an ensuite shower room. The second bedroom, also a double, maintains the apartment's standard with a window to the rear and ample space for storage solutions. The main bathroom is half-tiled, featuring a panel bath and those essential fixtures.
Externally, the property benefits from one allocated off-street parking space, adding convenience for residents. The apartment's location in New Braiswick Park is particularly notable for its balance of residential calm and accessibility to local amenities, including retail parks, schools, and leisure facilities in Colchester.
With an EPC rating of C and a council tax band B, the apartment also presents an attractive rental income opportunity, evidenced by a gross annual return of £9,180.
IMPORTANT INFORMATION:
107 years remaining on the lease
Service Charge - £111 per month
Ground Rent - £250 per annum
Rental income - £765 pcm
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% including VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
EPC Rating: C
Rooms
Entrance Hall 3.66m x 1.06m (12ft x 3ft 5in)
Carpeted with phone entry system and airing cupboard. Providing access to the two double bedrooms, the bathroom and the living room.
Living Room 6.40m x 3.26m (20ft 11in x 10ft 8in)
Of generous proportions, carpeted with juliette balcony, adjacent window to the front elevation, being open plan to the kitchen.
Kitchen 2m x 3.31m (6ft 6in x 10ft 10in)
Finished with cream fronted shaker style base units beneath a square edge work surface with upstand and matching wall mounted units. Space for a tall fridge / freezer plus a dishwasher and washing machine beneath the counter. Window to the rear elevation behind a 1.5 bowl sink. Electric oven and grill, four ring hob and suspended extractor hood over.
First bedroom 3.17m x 3.25m (10ft 4in x 10ft 7in)
Featuring two full height wardrobe cupboards and French doors that lead out to the balcony. In between the wardrobe cupboards is an internal door that leads you through to the ensuite shower room.
Ensuite shower room 3.16m x 1.11m (10ft 4in x 3ft 7in)
Half tiled with WC, hand wash basin and walk-in shower cubicle.
Second bedroom 2.82m x 3.17m (9ft 3in x 10ft 4in)
A second carpeted double bedroom with window to the rear elevation.
Bathroom
Half tiled with panel bath, WC, handwash basin and window to the rear elevation.
Parking - Off street
One allocated parking bay.
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