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1 bed flat
Mortimer Gardens, Colchester CO4
£130,000
Mortimer Gardens, Colchester CO4
£130,000
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, with a current tenant in residence and producing an annual gross income of £10,200. The property features one bedroom, a three-piece bathroom, a lounge, and a kitchen, as well as communal private parking. With a strong potential for rental returns, this is an excellent chance for investors to expand their portfolio. The current tenants have been paying rent on time and wish to continue their tenancy, ensuring a smooth transition for the new owner. With its convenient location and rental income potential, this property is a worthwhile addition to any investor's portfolio.