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Military Road, Colchester CO1 4 bed semi
Military Road, Colchester CO1
£260,000
Military Road, Colchester CO1
£260,000
Our Summary
- An investment opportunity to purchase a property with a predicted gross income of £21,780 a year, yielding 8
- Tenure: FreeholdLocal Authority: Colchester City CouncilCouncil Tax: Band BEPC: Band DPotential to extend
- Great Investment opportunity
- Potential to increase rental income utilising 5th Study/bedroom
Description
This is an investment opportunity to purchase a well-managed property that has been continuously rented for over 25 years, yielding 8.37% with a predicted gross income of £21,780 per year. The property features four study bedrooms and a sitting room, and has the potential to increase income by converting the sitting room into a fifth study bedroom. Located in Colchester, near the city centre and university, the property offers easy access to amenities and transportation links. The property has a modern kitchen, bathroom, and gas central heating, and benefits from a large hard landscaping and enclosed lawned garden to the rear. The property is available to purchase as a furnished tenanted property, offering a hassle-free investment opportunity.