Colchester CO4 5 bed terraced house for sale

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Colchester CO4 5 bed terraced house for sale

St Andrews Avenue, Colchester
£310,000

Our Summary

  • GUIDE PRICE £310,000 - £320,000 INVESTMENT OPPORTUNITY RECENTLY REFURBISHED - This three storey residence is currently rented as a HMO with full occupancy to all five rooms under professional let on single tenancies

Description

This three-storey residence has been recently refurbished and is currently rented out as a HMO with full occupancy, generating a net income of £2,100 per month. The property is conveniently located near Essex University, Tesco superstore, and local bus services, with the town center and two train stations within a mile. The property features five bedrooms, three bathrooms, a kitchen/diner, and off-road parking for two cars. The current EPC rating is C, with potential for improvement to B. The property has been updated with a new combi boiler, shower, and laminate flooring throughout. Additionally, it features an integrated fire alarm system, emergency lighting, and fire doors throughout. The property is being sold due to retirement and offers a turnkey investment opportunity with a guaranteed income until September 2025.