This property has been taken off the market.

1 Bed Flat For Sale Quayside Drive, Colchester, CO2

£125,000- Flat

1 of 8
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Last Updated: 22nd April 2024

Description

OVERVIEW *** GUIDE PRICE OF £130,000 - £140,000 ***
** INVESTMENT ONLY **

Located within ideal proximity to Essex university is this one bedroom apartment. The property has a balcony and a open plan living area. The property is also currently let for £850pcm until September 2024 giving an approx. yield of 7.85% - 7.29%. 

ENTRANCE HALL Radiator and doors to; 

OPEN PLAN LIVING AREA 18 ' 1 \" x 9 ' 11 \" (5.51m x 3.02m) Matching base and eye level units, integrated fridge/freezer, stainless steel sink bowl with drainer, space for a washing machine, double glazed sliding doors to balcony and double glazed windows to front. 

BATHROOM Low level WC, pedestal wash hand basin, panelled bath with shower over, chrome heated towel rail and a obscured double glazed window to front. 

BEDROOM 12' 1\" x 9' (3.68m x 2.74m)  

ALLOCATED PARKING  

AGENTS NOTES EPC rating - C
Council Tax band - A
Service Change - £958.74 PA
Ground Rent - £200 PA
Years remaining on this lease: 137 years

This property is currently let and managed by Jackson and Co and will continue to be with the new owner
 
Agent Details
John Alexander
99 London Road, Colchester, CO3 0NY

Investment Analysis

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Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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This is the potential achievable yield.
Potential Return-on-Cash Invested