1 bed flat

>

1 bed flat

Mortimer Gardens, Colchester CO4
£110,000

Our Summary

  • It is conveniently close to essential amenities, offers strong potential for rental returns, and has a tenant in residence
  • Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investor's property portfolio
  • Please see the Let Property Pack linked below for greater details on this property's investment potential
  • Investment potential detailed below (Let Property Pack)

Description

This 1-bedroom flat in Colchester is an attractive investment opportunity, offering strong potential for rental returns. The property is conveniently located near essential amenities and has a tenant in residence, currently producing an annual gross income of £10,200. The tenant has been in the property for a year and has a consistent payment history, wishing to continue their tenancy. With a communal private parking space and a well-proportioned layout, the property has a lot to offer investors looking to expand their portfolio. The asking price and potential rental income make for a worthwhile addition to an investor's property portfolio, and Let Property is committed to facilitating a smooth transaction process.