No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Guide price£150,000
Added > 14 days

2 bedroom flat for sale

Axial Drive, Colchester, Essex, CO4 5YJ
Auction
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Flat
2 bed
2 bath
EPC rating: C*
538 sq ft / 50 sq m

Key information

Tenure: Leasehold
Council tax: Band B
Broadband: Ultra-fast 900Mbps *
Mobile signal: 
EE O2 Three Vodafone
Water: Ask agent
Heating: Electric
Electricity: Ask agent
Sewerage: Ask agent
Discover more information

Property description & features

  • Tenure: Leasehold
  • Being Sold via Secure Sale online bidding. Terms & Conditions apply.
  • Two double bedrooms
  • Excellent location for North Station (Colchester) and the A12
  • Open plan living space
  • Ensuite shower room
  • Allocated parking
  • Gross annual return of £9,180 in rental income
  • Balcony
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

Location
New Braiswick Park, is a highly sought-after village 2km northwest of Colchester. A peaceful, residential oasis, Braiswick offers the village lifestyle but with the benefit of being only striking distance from the buzz of Colchester's city centre. Colchester itself has a wide array of restaurants, bars and eateries, as well as entertainment facilities. Braiswick is well connected with excellent transport links, both road and rail.

This flat is within walking distance of Colchester's North Station (offering direct links to London Liverpool Street station). There are excellent local nurseries, primary schools and high schools. Location here is key, as this home is also within moments of Turner Rise Retail Park & Colchester's city centre.

Council Tax Band: B
Tenure: Leasehold
Length Of Lease: 107 years remaining
Annual Ground Rent Amount: £250.00
Annual Service Charge Amount: £1,332.00
Service Charge Review Period: £111 per month

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.

Balcony

Parking
Off Street: Capacity: 1 One allocated parking bay.

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'. Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively. This auction lot is being sold either by, 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 Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer. 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. 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 and identity process in accordance with Anti Money Laundering procedures.

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 of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). 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 it necessary or beneficial to the customer to pass your 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.

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    *DISCLAIMER

    Property reference 446882. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Pattinson - London Auction.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed: obtained from Ofcom on February 11, 2022

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength: obtained from Ofcom on February 11, 2022

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area: obtained on April 19, 2022 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.