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Guide price
£550,000

7 bedroom block of apartments for sale

3 & 4 Chapel Street North, and 4. St John's Avenue, Colchester, Essex CO2 7AT
Auction
Added today
Block of apartments
7 beds
Added today

Key information

TenureFreehold
Council taxAsk agent
BroadbandSuper-fast 80Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Outstanding Freehold investment in city centre location
  • 6 x 1 bedroom and 1 studio flats
  • Fully let to established tenants
  • Income of £63,660 per annum
  • Parking for several vehicles to the rear
  • Guide price: £550,000 - £650,000
  • For sale by livestream auction
  • 10:00am, Wednesday 25th March 2026
  • Unless previously sold or withdrawn prior

FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 25th MARCH 2026

TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE

A Freehold city centre investment comprising 7 tenanted flats

Situated in the heart of Colchester just a short walk to the thriving city centre is this Freehold residential investment comprising 6 x 1 bedroom and 1 studio flats WITH PARKING to the rear for several vehicles.

The property is held on 2 Titles and fully let to established tenants providing an INCOME OF £63,660 PER ANNUM. A full breakdown is available on request.

Whilst elements of the building would benefit from improvement it has gas central heating, is fully double glazed and with an annual yield equating to over 11.5% based on the low end of the Guide Price there's no doubt this is an outstanding investment opportunity.

Note - Please be advised 4 St John's Avenue has the postcode CO2 7AR

Council Tax Band A

Tenure: Freehold

EPC Rating: C, D

Administration Fee: £1200 inc VAT payable on exchange of contracts.

Buyer's Premium Fee: £1500 inc VAT payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

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Area statistics

Crime score
High crime
10/10

About this agent

Auction House - East Anglia
Auction House - East Anglia
The Barn, Newmarket Road Cringleford Norwich, Norfolk NR4 6UE
01603 398879
Full profileProperty listings
The Auction House team have been holding auctions in East Anglia for over fifteen years. We originally operated under the Tops name, then as Tops Auction House. We have been the Eastern Region’s leading Land and Property auctioneers since 2002 and are highly respected in the area. Sale numbers have grown over the period to over 400 properties per year with success rates averaging out at well over 80% since 2004. Auction House East Anglia draws entries for its auction room in Norwich from a wide geographical area and is supported by a number of market and coastal town Introducer Agents who provide entries and assist with viewings. Auction House East Anglia operates from offices in Norwich (servicing Norfolk), King's Lynn (servicing NW Norfolk and parts of Cambridgeshire), Peterborough (servicing Cambridgeshire) and Ipswich (servicing Suffolk and North Essex) and sells a wide variety of property types covering the residential, land, commercial, investment and agricultural sectors. Many are vacant for improvement, others tenanted or for development. We are expert advisers and guide vendors as to the most appropriate method of sale which could be by Formal or Informal Tender, Invited Offer, Private Treaty or Auction. Auction House East Anglia was the model Licensee and provided the template for others to follow. It continues to be one of the most successful operators in the UK and is the ‘first choice’ regional auctioneer across the counties of Norfolk, Suffolk, Cambridgeshire and North Essex.
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