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2 bedroom detached bungalow for sale
129 Colne Way, Point Clear Bay, Clacton-on-Sea, Essex, CO16 8LW
£65,000
129 Colne Way, Point Clear Bay, Clacton-on-Sea, Essex, CO16 8LW
£65,000
Our Summary
- FOR SALE BY PUBLIC AUCTION ON THURSDAY, 10TH APRIL 2025 AT 12
- BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE BUY TO LET INVESTMENT: A VACANT TWO BEDROOM DETACHED FREEHOLD BUNGALOW PREVIOUSLY LET AND CONSIDERED TO BE AN IDEAL BUY TO LET INVESTMENT A freehold two bedroom bungalow in Point Clear Bay The property is close to the Point Clear Bay beach and benefits from both front and rear gardens and it is considered that with some improvements could achieve a rental income in the region of £700 per month (£8400 per annum) which represents a yield of around 13% of the guide price
Description
A vacant two-bedroom detached freehold bungalow in Point Clear Bay is being sold by public auction on April 10th, 2025. The property, previously let, is considered an ideal buy-to-let investment opportunity. With both front and rear gardens, it is close to the Point Clear Bay beach and has the potential to achieve a rental income of around £7,000 per annum, representing a yield of around 13% of the guide price. The property measures 48 square metres and includes an entrance hall, living room, kitchen, two bedrooms, and a bathroom. The previous rental income was £6,000 per month, but it is believed that the property could achieve a higher rent if re-let.