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Mortimer Gardens, Colchester CO4 1 bed flat for sale
Mortimer Gardens, Colchester, CO4
£120,000
Mortimer Gardens, Colchester, CO4
£120,000
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 layout with 1 bedroom, lounge, kitchen, bathroom, and street parking. Currently, it generates an annual gross income of £10,740 with a tenant already in situ, and considering the purchase price and potential rental income, it would make a worthwhile addition to an investor's portfolio. The current tenants have been consistently paying their rent for several years and have no intentions to move out, making for a smooth transition. With Let Property committed to facilitating a seamless transaction process, this is an opportunity not to be missed.