2 Bed Apartment For Sale

INVESTMENT OPPORTUNITY - 13 Waterside Lane, Colchester, CO2 8HW

Asking Price: £210,000 (water facing views)

Current Rental Income: £1,200 PCM (tenants renewed in November 2025 for another 12 months)

Estimated Market Rent: £1,400 PCM

Lease Remaining: 132 years

Service Charge (2025): £1,960.10

Ground Rent: £312 per annum

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Modern Two-Bedroom Apartment with Strong Rental Yield Potential

An exceptional opportunity for investors to acquire a modern, low-maintenance two-bedroom, two-bathroom apartment located within a sought-after development in Colchester. Recently decorated and well-presented throughout, the property offers immediate income potential with a tenant already in place, alongside excellent prospects for rental growth. The apartment is situated on the more desirable side of the building, with water views instead of overlooking the carpark.

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Property Overview

This charming apartment combines modern design with practical living. Situated on the second floor, it features spacious interiors, a contemporary kitchen, and a private balcony - perfect for tenants seeking comfort and convenience.

Accommodation Details:

* Entrance Hallway: Entry door with access to all rooms.

* Open-Plan Lounge/Kitchen/Diner

Bright and airy space with double-glazed windows, fitted wall and base units, oven, hob, extractor fan, sink with mixer tap, ample worktops, and space for appliances. Radiator included.

* Master Bedroom

Double bedroom with wardrobe, radiator, and doors leading onto the balcony.

* En Suite

Recently fitted with low-level WC, wash hand basin, and shower cubicle.

* Bedroom Two

Double-glazed window, wardrobe, and radiator.

* Bathroom:

Modern suite with low-level WC, wash hand basin, and bath with shower over.

* Parking:

Allocated off-road parking space for one vehicle.

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Financial Summary

Detail Amount

Asking Price £210,000

Current Rent £1,200 PCM

Potential Rent £1,400 PCM

Gross Yield (Current) 6.85%

Gross Yield (Potential) 8.0%

Net Yield (Current) 5.8%

Ney Yield (Potential) 7.0%

Service Charge (2025) £1,960.10

Ground Rent £312 per annum

Lease Remaining 132 years

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