2 Bed Apartment For Sale

This well-maintained two bedroom apartment would prove to be ideal for any first-time purchaser or investor looking to acquire a chain free property. Situated to the South-West of Colchester and within easy reach of Colchester's city centre, this home is within easy reach of an array of useful amenities, shops and leisure facilities. Presented in neutral decorative order throughout, it is ready to be occupied without delay. Highlights include; a welcoming entrance hall with inset storage, large bathroom, impressive master bedroom with en-suite shower room, well-proportioned second bedroom and a large open-plan kitchen/dining/living space. Flooded with a wealth of natural light, the apartment enjoys dual aspect windows and a modern fitted kitchen with space for appliances. It also comes complete with allocated parking for one vehicle.

For investors, we anticipate being able to achieve in the region of £1100 - £1150 PCM, meaning a possible gross yield is available of 8.12% (based on a purchase price of £170,000).

This property is offered on a leasehold basis, 250 years from 1 January 2006 and therefore approximately 231 years remain on the lease. A service charge of £1950 is payable per annum, as well as a ground rent of £275 per annum. We advise all interested parties to confirm this information with their legal representative at an early stage of their conveyance to prevent any discrepancy.

Viewings can be arranged via one of our consultants - appointment requited.