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Colchester CO4 5 bed terraced house for sale
Colchester CO4
£320,000
Colchester CO4
£320,000
Our Summary
- GUIDE PRICE £320,000 - £330,000 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 is a turnkey investment opportunity, currently rented as a HMO with full occupancy to all five rooms under professional lets. The property has been recently refurbished and is conveniently located near Essex University, Tesco superstore, and local bus services. The ground floor features a bedroom, shower room, and WC, while the first floor has two bedrooms and a kitchen/diner. The third floor has three further bedrooms and a bathroom. The property has a high rent return, but council tax would be payable. The current income is £2535 PCM until September 2025, with the owner paying tenant utilities. The property has a C EPC rating and is council tax band B. With its recent refurbishment, updated combi boiler and shower, and integrated fire alarm system, this property is an excellent investment opportunity for those looking for a hassle-free income stream.