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1 bedroom flat for sale
Mortimer Gardens, Colchester, CO4
£110,000
Mortimer Gardens, Colchester, CO4
£110,000
Our Summary
- 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 investors property portfolio
- For greater detail on this property's investment potential, please see the Let Property Pack linked below
- INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
- Investment potential detailed below (Let Property Pack)
Description
This 1-bedroom flat in Colchester is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a comfortable living space, including a bedroom, lounge, kitchen, and bathroom, as well as street parking. Currently, the property generates an annual gross income of £10,740 with tenants already in situ, who have been consistently paying their rent for several years and have no intention of moving out. With a potential rental income that could be earned in future years, this property offers a worthwhile addition to an investor's portfolio.