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2 bedroom apartment for sale
Waterside Lane, Colchester, Essex, CO2
£210,000
Waterside Lane, Colchester, Essex, CO2
£210,000
Our Summary
- INVESTMENT OPPORTUNITY - 13 Waterside Lane, Colchester, CO2 8HW Asking Price: £210,000 (water facing views) Current Rental Income: £1,200 PCM (tenants renewed in November 2025 for another 12 months) Estimated Market Rent: £1,400 PCM Lease Remaining: 132 years Service Charge (2025): £1,960
- 10 Ground Rent: £312 per annum ________________________________________ Modern Two-Bedroom Apartment with Strong Rental Yield Potential An exceptional opportunity for investors to acquire a modern, low-maintenance two-bedroom, two-bathroom apartment located within a sought-after development in Colchester
- Recently decorated and well-presented throughout, the property offers immediate income potential with a tenant already in place, alongside excellent prospects for rental growth
- Annual rental income of £14,400 with the potential to bring this up to market rate of £16,800
- 85% with the potential to increase this to 8% with a rental increase
Description
This is an investment opportunity to purchase a modern two-bedroom, two-bathroom apartment in Colchester, with a current rental income of £1,200 per month and a potential rental income of £1,400 per month. The property is located in a sought-after development with a lease remaining of 132 years, and the current tenant has renewed their contract until November 2025. The apartment has water-facing views and features a contemporary kitchen, private balcony, and two double bedrooms. With a strong rental yield potential, this property offers an excellent opportunity for investors to generate passive income. The asking price is £210,000, and the estimated market rent is £1,400 per month, resulting in a gross yield of 8.0% and a net yield of 7.0%.