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Capstan Place, Colchester 2 bed apartment for sale
Capstan Place, Colchester
£130,000
Capstan Place, Colchester
£130,000
Our Summary
- FIRST TIME BUYERS AND INVESTMENT LANDLORDS - Current tenants paying £900pcm in contract until January 2026, potential to increase the rent to £1,100pcm - £1,200pcm
Description
This two-bedroom second-floor apartment is an excellent investment opportunity for first-time buyers and landlords alike. Currently tenanted until January 2026, the property has the potential to increase the rent to £1,100-£1,200 per month. Located in a quiet cul-de-sac near the university, the apartment features two double bedrooms, one bathroom, a spacious lounge/diner, and a separate kitchen. The property also comes with one allocated parking space and benefits from a secure communal entrance and hallway. The apartment is well-appointed with double-glazed windows, electric radiators, and fitted carpets throughout. The kitchen is equipped with modern appliances, and the bathroom features a bath with a shower over. With a 976-year lease remaining and a service charge of £2,257 per annum, this property offers a great opportunity for investors and first-time buyers to get on the property ladder.