An excellent Investment opportunity is this modern one bedroom second floor apartment, let on an AST at £800 per month giving a yield of 8% return, situated in a superb position close proximity of Colchester town centre, North Station railway and the Colchester Institute.
Description - An excellent Investment opportunity is this modern one bedroom second floor apartment, situated within close proximity of Colchester town centre, North Station railway and the Colchester Institute, let on an AST at £800 per month giving a yield of 8% return. The property is entered via a secure entry system into a communal hall which in tern gives access to the apartment, there is a fitted modern kitchen, bathroom with three piece suite, sitting room with Juliette balcony and a bedroom. The property benefits from gas central heating and double glazing.
Entrance Hall - Built in cupboard and radiator.
Living Room - 4.01m x 2.82m (13'2 x 9'3) - Window to side and French doors with Juliet balcony to front. Bult in cupboard and radiator.
Kitchen - 2.46m x 2.13m (8'1 x 7) - Window to side, fitted units incorporating stainless sink unit and single drainer, cupboards under, adjacent work tops with drawers under, Built in four ring gas hob and oven under, plumbing for washing machine, range of eye level units wall cupboard and gas fired boiler.
Bedroom - 3.20m x 2.41m (10'6 x 7'11) - Window to front, built in wardrobe and radiator.
Bathroom - Panelled bath and shower attachment, low level wc, wash hand basin, xpelair and radiator.
Outside And Gardens - The property benefits from one allocated parking space and well maintained communal gardens and area.
Services - We understand mains gas, electric, water and drainage are connected.
Tenure: Leasehold Ground Rent: £50 per annum Service Charge: £1080 EPC rating: D Council Tax: Band A Council: Colchester City Council
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Charles Wright Properties - Woodbridge. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Charles Wright Properties - Woodbridge for full details and further information.