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Mortimer Gardens, Colchester CO4 1 bed flat for sale
Mortimer Gardens, Colchester CO4
£125,000
Mortimer Gardens, Colchester CO4
£125,000
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 for those looking to expand their portfolio. The property is well-kept and features a lounge, kitchen, bathroom, and street parking, and is currently generating an annual gross income of £10,740 with a tenant already in situ. The tenants have been long-term residents, paying their rent consistently for several years, and have no plans to move out. With its potential for future rental income and a purchase price that could yield a worthwhile return, this property is an attractive addition to an investor's portfolio.