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Mortimer Gardens, Colchester CO4 1 bed flat for sale
Mortimer Gardens, Colchester CO4
£123,000
Mortimer Gardens, Colchester CO4
£123,000
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, offering strong potential for rental returns and currently producing an annual gross income of £10,200. The property features one bedroom, a three-piece bathroom, a lounge, and a kitchen, as well as communal private parking. The current tenants, who have been in residence for a year, are willing to continue their tenancy, providing a stable and reliable income stream. With a tenant in situ, the property offers a low-risk investment option for those looking to expand their portfolio, and the sale is facilitated by Let Property's commitment to a smooth transaction process.