Sold STC Flat

30 VICTORIA CHASE

COLCHESTER, ESSEX CO1 1WN

2 beds 1 baths 581 sq ft Listed 6 Feb 2024 (-858d)

£150,000

Offers in Excess of

Reduced on 29 May 2024

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Property details

Tenure

LEASEHOLD (63 years remaining on lease)

Floor area

54 m²

Council tax band

B

EPC rating

C

Year built

England and Wales: 1983-1990

Last sold

£155,000 Dec 2024

Price per m²

£2,778/m²

Local average

£156,781 (-4.3%)

Deprivation

Decile 5 (15,810 of 33,755)

Street crime

453 incidents within 1 mile (Apr 2026)

Key features

  • Modern Ground Floor Apartment
  • Spacious Living Accommodation
  • Modern Kitchen & Bathroom
  • Two Good Size Bedrooms
  • Communal Gardens & Parking
  • Close To City Centre & Train Station

Additional details

Parking
Yes

Description

SUMMARY
NO ONWARD CHAIN. This two bedroom ground floor apartment is situated off North Station Road on Victoria Chase, offering excellent access to the city centre and north station with direct links to London Liverpool Street. The property could be an ideal investment.


DESCRIPTION
Offered with no ongoing chain, this two bedroom ground floor apartment is conveniently situated within walking distance of Colchester's city centre and mainline train station. Accommodation comprises entrance hall, living room with French doors to the communal gardens, modern kitchen and bathroom, as well as two good size bedrooms. Externally the property benefits from communal gardens and communal parking.

FIVE SHARES OF FREEHOLD OWNED BY CURRENT SELLER SO LEASE EXTENSION CAN BE EASILY OBTAINED AT REDUCED COST. PLEASE ASK FOR FURTHER INFORMATION.

Communal Entrance Door To: 

Communal Entrance Hall 
With entrance door to:

Hallway 
Two storage cupboards, doors to:

Kitchen 8' 6" x 8' 1" ( 2.59m x 2.46m )
Matching base and eye level units, work surfaces, inset sink and drainer unit, tiled splashbacks, laminate flooring, space for appliances, wall mounted boiler, upvc double glazed window.

Lounge 20' 5" max x 10' 9" max ( 6.22m max x 3.28m max )
Upvc double glazed French doors to communal garden, carpet, radiator.

Bedroom One 11' 5" max x 9' 1" max ( 3.48m max x 2.77m max )
Upvc double glazed window, built-in wardrobe with mirror fronted sliding doors, carpet, radiator.

Bedroom Two 9' 4" max x 8' 1" max ( 2.84m max x 2.46m max )
Upvc double glazed window, carpet, radiator.

Bathroom 
Modern white bathroom suite comprising panel enclosed bath with shower over, pedestal wash hand basin and low level w.c., tiled floor, tiled walls, shaver point, radiator.

Outside 
The property benefits from communal gardens and parking.

Agents Note 
There are 63 years remaining on the lease.

Under the terms of the Estate Agency Act 1979 (section 21) please note that the Vendor of this property is connected to a staff member of the Connells Group.


DIRECTIONS
Refer to map


We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.



1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Listed by

Colchester

Sequence (UK) Limited - Connells

Reference: 144430451

EPC Rating & Upgrade Cost

Current rating: C

Potential rating: C

Inspection date: 23/04/2021

Expiry date: 22/04/2031

Current heating cost: £316/year

Potential heating cost: £270/year

Est. upgrade cost to C: £5,000

Recommendations

  • Floor insulation (solid floor) (£4,000 - £6,000)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

Floorplan 1

EPC Graphs

EPC

EPC

Price history

Event Date Price % change
Sold 02/12/2024 (1 year ago) £155,000

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
THE NEXUS FLAT 9 VICTORIA CHASE, COLCHESTER, ESSEX, CO1 1WJ £124,995 24/10/2025 Flat
58 ROTARY WAY, COLCHESTER, ESSEX, CO3 3LG £160,000 29/08/2025 Flat
146 VICTORIA CHASE, COLCHESTER, ESSEX, CO1 1WW £157,000 25/07/2025 Flat
63 VICTORIA CHASE, COLCHESTER, ESSEX, CO1 1WB £145,000 07/03/2025 Flat
36 SHEEPEN PLACE, COLCHESTER, ESSEX, CO3 3LT £105,000 31/10/2023 Flat
72 SHEEPEN PLACE, COLCHESTER, ESSEX, CO3 3LT £105,000 20/10/2023 Flat
116 SHEEPEN PLACE, COLCHESTER, ESSEX, CO3 3LT £150,000 08/09/2023 Flat
83 ROTARY WAY, COLCHESTER, ESSEX, CO3 3LJ £162,000 19/12/2022 Flat
107 ROTARY WAY, COLCHESTER, ESSEX, CO3 3LJ £210,000 02/12/2022 Flat
104 SHEEPEN PLACE, COLCHESTER, ESSEX, CO3 3LT £170,000 30/11/2022 Flat
94 SHEEPEN PLACE, COLCHESTER, ESSEX, CO3 3LT £143,500 29/11/2022 Flat
112 ROTARY WAY, COLCHESTER, ESSEX, CO3 3LG £215,000 28/11/2022 Flat
143 ROTARY WAY, COLCHESTER, ESSEX, CO3 3LJ £171,000 18/11/2022 Flat
30 ROTARY WAY, COLCHESTER, ESSEX, CO3 3LG £200,000 11/11/2022 Flat
THE NEXUS FLAT 10 VICTORIA CHASE, COLCHESTER, ESSEX, CO1 1WJ £172,500 10/11/2022 Flat
CENTURY HOUSE 6 NORTH STATION ROAD, COLCHESTER, ESSEX, CO1 1RE £264,000 02/11/2022 Flat
57 ROTARY WAY, COLCHESTER, ESSEX, CO3 3LJ £150,000 27/10/2022 Flat
THE NEXUS FLAT 11 VICTORIA CHASE, COLCHESTER, ESSEX, CO1 1WJ £207,500 14/10/2022 Flat
80 ROTARY WAY, COLCHESTER, ESSEX, CO3 3LG £173,000 04/10/2022 Flat
Same street 86 VICTORIA CHASE, COLCHESTER, ESSEX, CO1 1WN £185,000 23/09/2022 Flat
157 ROTARY WAY, COLCHESTER, ESSEX, CO3 3LJ £222,000 14/09/2022 Flat
Same street 14 VICTORIA CHASE, COLCHESTER, ESSEX, CO1 1WN £170,000 11/02/2022 Flat
Same street 88 VICTORIA CHASE, COLCHESTER, ESSEX, CO1 1WN £115,000 18/11/2021 Flat

Street average: £156,667 (3 sales)

Area average: £170,375 (20 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -20.4%
10y growth -2%

House Price Index (HM Land Registry — official index, not sold-price averages): Colchester. Series: Flats and maisonettes. As of March 2026.

1y (index) -3.7%
5y (index) 2.5%
10y (index) 19.8%

Company ownership

Registered legal owner is a company.

Company-owned (UK company)

Company: VICTORIA QUAY FREEHOLD COMPANY LIMITED (07126769)

Rental Range

Estimated market rent for Colchester. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,095/mo
Realistic £1,217/mo
Optimistic £1,339/mo

Based on Local Authority from postcode lookup → Colchester.

LHA (30th percentile) floor for Colchester: £793/mo (Apr 2025 – Mar 2026)

Location

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Shop Pastel Palace 0.1 miles
Shop Colchester Shooting Centre 0.1 miles
Bus stop Causton Road 0.1 miles
Train station Colchester 0.4 miles
Train station Colchester Town 0.8 miles
Hospital Oaks Hospital 0.8 miles
Hospital Colchester General Hospital 1.0 miles
University University Quays 2.1 miles
University The Pastures 2.1 miles

Street-level crime

Category Count
Violence and sexual offences 189
Shoplifting 65
Anti-social behaviour 57
Criminal damage and arson 32
Public order 30
Other theft 15
Vehicle crime 15
Drugs 14
Bicycle theft 11
Burglary 7
Other crime 7
Theft from the person 6
Possession of weapons 3
Robbery 2
Total incidents 453

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
North Primary School and Nursery Primary 0.1 miles Good — 18 Oct 2012
St Helena School Secondary 0.2 miles Good — 14 Mar 2024
Colchester Institute Other 0.3 miles (No rating)
The Sixth Form College Colchester Other 0.3 miles (No rating)
Oxford House School Other 0.6 miles (No rating)

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
2 Bed Flat, Clarendon Way, CO1 £1,200/mo 2 0.3 miles OpenRent
2 Bed Flat, Bradford Drive, CO4 £1,200/mo 2 0.62 miles OpenRent

Average rent: £1,200/mo (2 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.8%
Max investor price (0.8%) £150,000
Target investor price (1%) £120,000
Gross yield 9.6%
Cost-to-rent ratio 10.4×
Monthly cashflow £464/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 12.8%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).