2 bedroom Apartment
Albany Gardens, Colchester
£150,000
Alternatively you can call us on 01206 542288 or visit our Colchester FTB Estate Agentsbranch
** GUIDE PRICE £150,000 - £160,000 ** Looking for a hassle-free investment with immediate returns? This two-bedroom ground floor apartment is being sold with a tenant in situ, generating a current rental income of £1,100 PCM and delivering a yield of over 7%.
Investment Opportunity
Offering spacious and well-presented accommodation throughout, the apartment features a generous lounge/diner, a master bedroom complete with en-suite shower room, a further good-sized double bedroom, and a modern family bathroom.
With an established tenant already in place, this property provides a seamless investment opportunity, ideal for landlords seeking to expand their portfolio or investors looking for a ready-made income-producing asset from day one. The added benefit of allocated parking further enhances its appeal to tenants and future purchasers alike.
Opportunities like this don’t stay on the market for long. Contact us today to arrange a viewing and discover the potential of this smart investment purchase.
Property Reference: HRT008718567
Entrance Hall
Lounge/Diner
Kitchen
Master Bedroom
En-Suite Shower Room
Bedroom Two
Bathroom
Agents Note
We have been informed of the following: Tenure: Leasehold Lease Length: 133 Years Remaining Ground Rent: £184 per annum Service Charge: £1920 per annum (£960 paid twice a year)
About Colchester
Historic Colchester is proud of its ancient Roman history and is now home to a population of over 177,000 and the British Army’s 16 Air Assault Brigade.
It has a high employment rate, a thriving local economy, a great shopping scene and vibrant nightlife, and is just 42 minutes by train from London. Around 79 per cent of people say they feel satisfied with the local area as a place to live, according to a Colchester Borough Council survey.
There’s something for everyone in this ever-popular town. The kids will love exploring the Castle Museum as well as Colchester Zoo. Tollgate, to the west of the town, is great for shopping, and you can get around the area so easily, thanks to the A12 which runs past the town. The surrounding villages, such as historic Coggeshall, are very pretty and have great pubs and cafés.
£330,633
Average price paid in Colchester
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