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1 bedroom apartment for sale
1 Roger Browning House, Maidenburgh Street, Colchester, Essex CO1 1TT
£89,500
1 Roger Browning House, Maidenburgh Street, Colchester, Essex CO1 1TT
£89,500
Our Summary
- For sale on 24 April 2025 Our national property auction will be broadcast online with live auctioneers
- To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction
- The auction will commence at 09:00
- With rental properties scarce in the local area and with rental incomes increasing, there is potential to generate in the region of £10k per year from this property
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type
- Auction Deposit and Fees: The following deposits and non- refundable auctioneers fees apply: • 5% deposit (subject to a minimum of £5,000) • Buyers Fee of 4
- Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page
- This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties)
- Auction: 24
Description
This one-bedroom apartment is being sold at auction and is located in the popular Dutch Quarter of Colchester. The property offers a high-yielding investment opportunity, with the potential to generate around £10,000 per year in rental income. The apartment features an entrance hall, kitchen, lounge, double bedroom, and bathroom, and benefits from communal parking and a central location within walking distance of the historic town center. The property is leasehold, with the ground rent and service charges included in the service charges, and has an EPC rating of C. The auction will take place online with live auctioneers, and bidders can register to participate by submitting a registration form by 5pm the day before the auction. The auction will commence at 9am on April 24, 2025, and the buyer will need to pay a 5% deposit and a buyer's fee of 4.8% of the purchase price.