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1 bedroom flat for sale
Mortimer Gardens, Colchester CO4
£123,000
Mortimer Gardens, Colchester CO4
£123,000
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 great investment opportunity, with a current tenant in place and an annual gross income of £10,740. The property is well-kept and features a lounge, kitchen, bathroom, and street parking. The current tenants have been in the property for several years and have consistently paid their rent, with no intention of moving out. With a purchase price that offers a worthwhile addition to an investor's portfolio, this property has the potential to generate rewarding rental returns and provide a stable source of income.