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2 bedroom flat for sale
Apprentice Drive, Colchester, Essex, CO4
£163,000
Apprentice Drive, Colchester, Essex, CO4
£163,000
Our Summary
- For greater detail on this property's investment potential, please see the Let Property Pack linked below
Description
This 2-bedroom flat in Colchester offers a fantastic investment opportunity for those looking to expand their portfolio. The well-maintained property features 2 bedrooms, 2 bathrooms, a modern lounge, kitchen, and allocated parking, making it a desirable rental property. Currently, the property produces an annual gross income of £10,800, but with the new owner, this could be increased to a market rate of £13,200. The current tenants have been paying rent consistently and have no intention of moving out, providing a secure income stream. With its valuable amenities and rental returns, this property is a worthwhile addition to any investor's portfolio.