This property has been taken off the market.

2 Bed Flat For Sale Turner Road, Colchester, CO4

£180,000- Flat

1 of 5
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Last Updated: 17th March 2024

Description

Located to the north of Colchester and with no onward chain, this property would suit first time buyers looking to get on to the property ladder, or investors looking for a buy to let investment in a location that offers a steady market for tenants. The close proximity of the hospital and mainline station provides convenience for those working at the hospital or commuting to the city.

On the first floor there are two good size double bedrooms both served by a bathroom. The kitchen (which features exposed beams) has enough space for a small breakfast table and features a range of wall and base units, roll top work surfaces and a sink with mixer tap. The principal reception room is located on the ground floor and features a gas fireplace.

This property and the adjacent house are both owned by our client and both are available to purchase. As a result this property could be purchased in addition to the main house as annex accommodation for a family member or as a rental investment. For further details on the neighbouring property please contact us.

We are advised by the vendor, that the property achieves a monthly rent of £995 per calendar month, which represents a gross rental yield per annum of 5.97%.

Turner Road is located on the northern side of Colchester's city centre. Colchester North train station is within easy walking distance where a direct service to London Liverpool street is available with journey time under one hour.

Agent Details
Knight Residential
7 Pappus House, Tollgate Business Park, Tollgate West, Stanway, Colchester, CO3 8AQ

Investment Analysis

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Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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