2 bed Flat For Sale £150,000
Axial Drive, Colchester, CO4

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.