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Mortimer Gardens, Colchester CO4 1 bed flat for sale
Mortimer Gardens, Colchester, CO4
£110,000
Mortimer Gardens, Colchester, CO4
£110,000
Our Summary
- It is conveniently close to essential amenities, offers strong potential for rental returns, and has a tenant in residence
- Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investor's property portfolio
- Please see the Let Property Pack linked below for greater details on this property's investment potential
- INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
Description
This 1-bedroom flat in Colchester is an attractive investment opportunity, with a tenant already in residence and producing an annual gross income of £10,200. The property features a bedroom, bathroom, lounge, and kitchen, as well as communal private parking. With a strong potential for rental returns, this is a fantastic chance for investors to expand their portfolio. The current tenants have been paying rent on time for a year and wish to continue their tenancy, making for a smooth transition. The property is conveniently located close to essential amenities, and Let Property is committed to facilitating a seamless transaction process for both buyer and seller.