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2 bedroom terraced house for sale
New Park Street, Colchester CO1
£241,000
New Park Street, Colchester CO1
£241,000
Our Summary
- For greater detail on this property's investment potential, please see the Let Property Pack linked below
Description
This 2-bedroom mid-terrace property in Colchester is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-maintained and features spacious bedrooms, parking spaces, garden ground space, a three-piece bathroom, lounge, and kitchen. Currently, it produces an annual gross income of £12,600, which could be increased to a market rate of £18,000 with long-term tenants already situated. The tenants have been paying rent consistently for several years and have no intention of moving out, making for a smooth transition. With a purchase price that will generate a worthwhile return, this property is an attractive addition to any investor's portfolio.