Summary - 15 WALLACE ROAD COLCHESTER CO4 5GP
2 bed 1 bath Flat
Compact, well-located apartment ideal for first-time buyers or buy-to-let investors..
- Two double bedrooms, generous lounge and modern fitted kitchen
- Private balcony and residents' off-street parking
- Chain free and long lease (approx. 133 years)
- Compact overall size (approx. 485 sq ft)
- Service charge approx. £1,440 per year
- Ground rent £200 per year (leasehold)
- Constructed 2003–2006; double glazing and gas central heating
- Average broadband speeds and average local crime levels
A chain-free, ground-floor two-bedroom apartment close to Colchester North Station, suited to first-time buyers or investors seeking a low-maintenance home with rental potential. The block is contemporary (built 2003–2006) with double glazing, gas central heating and off-street residents’ parking. The flat includes a private balcony, a generous lounge and a modern fitted kitchen.
The property is compact (approximately 485 sq ft) so it suits buyers looking for efficient, manageable space rather than large family living. The lease is long (circa 133 years), but the flat is leasehold with an average service charge of £1,440pa and a £200pa ground rent which should be factored into affordability or yield calculations. Broadband speeds are average; mobile signal is excellent.
Location is a clear strength — easy access to Colchester North Station and the A12, local schools rated Good–Outstanding, nearby shops and green space at Highwoods Country Park. EPC rating C and modern construction reduce immediate major-maintenance risk, though buyers wanting more space or a garden may find the flat restrictive.
In summary: practical, well-located and chain-free, this apartment is a pragmatic step onto the ladder or a straightforward rental purchase. Be aware of ongoing leasehold charges and the small overall footprint when assessing suitability.
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