- Two bed two bath, second floor apartment +
- Being sold with current tenants in situ who renewed in November 2025 for a further 12 months +
- Annual rental income of £14,400 with the potential to bring this up to market rate of £16,800 +
- Current gross yield of 6.85% with the potential to increase this to 8% with a rental increase +
- 132 years remaining on the lease +
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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