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For sale
£130,000

Sheepen Place, Colchester, CO3 3LT

1bedroom
1bathroom
Apartmenttype
Leaseholdtenure

Listed 18 May 2026 · Colchester

How the price compares

This home£130,000
Median 1 bed in CO3£100k17 homes listed · £168 per sq ft
Difference+30%above the area median

Key features

  • Attractive investment opportunity with a strong 8.7% yield
  • One bedroom first floor flat offered with tenant in situ
  • Bright living room with doors opening onto a Juliet balcony
  • Well-arranged kitchen providing practical everyday space
  • Generous bedroom featuring a built-in wardrobe
  • Convenient first floor position with practical features throughout

About this home

This well-presented one bedroom first floor flat is offered with a tenant in situ, generating an attractive 8.7% yield, making it an ideal opportunity for investors seeking an immediate rental income.

The property is accessed via an entrance hall, which benefits from a useful airing cupboard as well as an additional storage cupboard, providing excellent practical storage space.

The living room is bright and inviting, featuring doors opening onto a Juliet balcony, allowing plenty of natural light to fill the space while adding an attractive feature to the main living area. The kitchen is well arranged and provides a practical space for everyday use.

The bedroom is well proportioned and benefits from a built-in wardrobe, maximising storage and functionality. The accommodation is completed by the bathroom.

Overall, the property provides a well-balanced layout with practical features throughout, all within a convenient first floor position. As the property is being sold with a tenant in situ, it is available to investors.

Property details

Property type
Apartment
Council tax band
B
Tenure
Leasehold
Lease remaining
81 years left
Service charge
£1,583.37 per year

Floorplan

Picture 11

Location

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  • Colchester Station0.5 mi
  • Colchester Town Station0.7 mi
  • Hythe Station1.6 mi

What nearby homes sold for

Median sold prices in CO3 over the last 12 months: detached £450k · semi-detached £335k · flat £175k · terraced £293k.

AddressTypeSoldPrice
124 Sheepen Place
Colchester CO3 3LT
Flat
Leasehold
22 Sept 2025£142,000
122 Sheepen Place
Colchester CO3 3LT
Flat
Leasehold
2 Jul 2025£110,000
17 Sheepen Place
Colchester CO3 3LD
Terraced
Freehold
2 Jul 2025£260,000
112 Sheepen Place
Colchester CO3 3LT
Flat
Leasehold
27 May 2025£101,500
84 Sheepen Place
Colchester CO3 3LT
Flat
Leasehold
6 Sept 2024£160,000
5 Sheepen Place
Colchester CO3 3LD
Terraced
Freehold
31 Jul 2024£225,000
90 Sheepen Place
Colchester CO3 3LT
Flat
Leasehold
26 Jun 2024£195,000
88 Sheepen Place
Colchester CO3 3LT
Flat
Leasehold
31 May 2024£132,500
100 Sheepen Place
Colchester CO3 3LT
Flat
Leasehold
11 Apr 2024£142,500
62 Sheepen Place
Colchester CO3 3LT
Flat
Leasehold
29 Feb 2024£106,575

Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in CO3

Buying costs

Monthly repayment£650£13,000 deposit · £117,000 loan
Stamp Duty£100England rates

Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.

Listed by Beresfords, Colchester on Rightmove (original listing). First listed 18 May 2026; details checked 7 Nov 2026. Latest change: added on 18/05/2026.

Agent disclaimer

Disclaimer - Property reference COS260099. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Beresfords, Colchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of 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.

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