2 Bed Flat, Single Let, Colchester, CO1 2BG, £140,000

• TWO BEDROOMS +
• 6.24% YIELD +
• FLAT +
• AVAILABLE WITH TENANT OR VACANT +
• £830 PCM +
• GOOD LOCATION +
• PARKING +
• EPC RATING D +
• COUNCIL TAX BAND A £1379 +

Boydens are pleased to present this fantastic two-bedroom flat, ideally located within walking distance of Colchester’s North Station, offering direct rail links to London Liverpool Street in under an hour.

This property is an excellent investment opportunity but could also make a perfect first-time purchase or suit an owner-occupier looking to settle in a convenient location.

The flat is currently tenanted, generating a monthly rental income of £830, providing a steady income stream for investors. At this rental price, the property offers a yield of 6.24% if purchased at £140,000 (inclusive of the service charge).

Key Features:

Prime Location: Perfectly positioned for commuters with easy access to Colchester North Station and local amenities.

Flexible Options: Ideal as a buy-to-let investment or a first home for owner occupation.

Strong Investment Potential: Solid rental income with a competitive yield.
This property combines convenience, versatility, and investment appeal, making it a must-see for buyers of all types.

For further details or to arrange a viewing, please contact Boydens.

Yields:
At the current rental rental price of £830 pcm it would generate a yield of 6.24% if pruchased at £140,000 (this includes the service charge).

Service Charge - £1,230 pa
Ground Rent - £n/a
Lease Length - 999 from 1989 - 964 remaining years

The property comprises of an entrance hall, a fitted kitchen and a lounge/diner with patio doors that open into the rear garden. These bedrooms are complemented by a family bathroom featuring a bath with a shower over, WC, and sink, ensuring convenience and comfort for occupants.

Externally, the property benefits from a parking along with communal visitor parking spaces, enhancing convenience for residents and guests alike.

ENTRANCE HALL - with storage cupboard

LIVING ROOM - 11' 10" X 10' 07"

KITCHEN - 8' 04" X 6' 05" with cooker, washing machine and under counter fridge

BEDROOM ONE - 10' 06" X 8' 08"

BEDROOM TWO - 11' 06" x 5' 01"

BATHROOM - with complete suite and handheld shower facilities

AGENTS NOTE

Local Authority - Colchester City Council.

Broadband Availability - Superfast Broadband available with speeds of up to 80 Mbps (details obtained from Ofcom Mobile and Broadband Checker) - June 2024.
Mobile Coverage - It is understood that the best available mobile service in the area is provided by O2 (details obtained from Ofcom Mobile and Broadband Checker) - June 2024.

Utilities - Mains Electric / Mains Water /Mains Sewerage

Construction Type - We understand the property is a purpose built block of flats built to traditional construction of brick and block.

Flood Risk - Data Taken from Gov.UK Flood Map - checked June 2024 - The property is at low risk of flooding.

Planning Applications in the Immediate Locality - Checked June 2024 - We are not aware of any planning applications in the immediate locality.

MONEY LAUNDERING REGULATIONS - Please be advised that all purchasers will need to adhere to currents laws of money laundering and therefore will need to provide Boydens Estate Agents photographic identification and proof of residency identification before any transaction is started to comply with the legislation.