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Colchester CO4 10 bed detached house for sale
St Johns Road, Colchester
£650,000
St Johns Road, Colchester
£650,000
Our Summary
- New Guide Price £650,000-£700,000A chance to acquire this fully let and high standard HMO investment opportunity
Description
This HMO investment opportunity is a fully let and high-standard property generating an annual income of £64,776, yielding a return of over 9%. The property consists of 10 studios with communal facilities including parking, gardens, social day room, and two kitchens. The property is managed by Stoneridge Estate Agents, who can confirm the condition and daily running of the building. The location is convenient, with easy access to the A120/A12 and Colchester main train station, and is close to a Tesco superstore. The studios are let at various prices ranging from £460 to £700 per calendar month, with all rents up to date as of March 2024.