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1 bed flat
Mortimer Gardens, Colchester CO4
£120,000
Mortimer Gardens, Colchester CO4
£120,000
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 a great investment opportunity, offering a tenant in residence and strong potential for rental returns. The property features one bedroom, a three-piece bathroom, a lounge, and a kitchen, as well as communal private parking. With an annual gross income of £10,200, this property has the potential to be a worthwhile addition to an investor's portfolio. The current tenants have been renting the property for a year and plan to continue their tenancy, making for a smooth transition. With its convenient location and attractive rental income, this property is an excellent choice for investors looking to expand their portfolio.