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1 bedroom apartment for sale

Essex CO2
Added yesterday
Apartment
1 bed
1 bath
Added yesterday

Key information

TenureLeasehold | 134 yrs left
Ground rent£200 per annum | review period: unconfirmed
Service charge£1,846 per annum
Council taxAsk agent
BroadbandUltra-fast 1000Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Double bedroom
  • Family bathroom
  • Furnished
  • Prime location
  • Walking distance to the university of essex
  • Train station close by
  • Ideal for students or commuters
  • Fitted kitchen
  • 24 hour supermarket near
  • Early viewing advised
* BUY TO LET INVESTMENT EARNING £900PCM * 8% RENTAL YIELD BASED ON CURRENT ASKING PRICE *

This one-bedroom apartment on Quayside Drive presents a promising investment opportunity for those looking to enter the buy-to-let market. The property comes with a current tenancy agreement in place until September 2026, providing an assured income of £900 per calendar month. With 135 years remaining on the lease, this leasehold property offers long-term potential.

The apartment's location is particularly advantageous for investors targeting the student rental market, given its proximity to the university. A short walk away, students will find the convenience of local amenities and public transport options. The living room leads to a balcony, offering a pleasant outdoor space for tenants to enjoy.

Colchester is known for its historical significance and vibrant community, making it an attractive area for both students and professionals. With its blend of cultural attractions and modern conveniences, the city continues to thrive as a desirable place to live and invest in property.

Investors seeking an affordable entry point into the property market should consider this opportunity. With a current tenant in place and a prime location near the university, this apartment is well-positioned for continued rental success. Don't miss out on this chance to secure a valuable asset in Colchester.
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Area statistics

Crime score
Moderate crime
5/10
Home prices (average)
1 bedroom apartments
£143,232

About this agent

Keystones Property - Colchester
Keystones Property - Colchester
60 Caleum Drive Colchester, Essex CO2 8FP
01206 988682
Full profileProperty listings
Welcome To Keystones Property Colchester, Your Trusted Estate & Letting Agents Keystones have recently acquired the Jackson & Co Property Services business and are currently working hard to integrate it into the Keystones family. Established in 2007, Jackson & Co developed and grew their privately owned, independent brand over the years to become one of the major providers in the area for lettings and property management. This success was driven by a team of professional and motivated staff who have a focus and ambition to provide a service which is second to none. We have a fantastic office situated on Hythe Quay overlooking the river Colne. Our unique location gives us a prime position to hold the monopoly in this highly sought after rental location, making us the obvious choice for investors and tenants alike. We have been proud over the years to offer our services predominantly giving a helping hand to landlords accommodating for the student market at Colchester University of which we will be continuing to do, but also adding our experience into the working professional markets too to add to our bow. Customer service is paramount to us. We understand the importance of providing a personal and professional service. To help us do this, all staff undergo regular training. In addition to this we make sure we are well versed in legal requirements, market trends, skills, knowledge and compliance matters so you don’t have to. Meet the team of experienced and professional staff and understand more about what makes us the agent of choice in the area. All have very different qualities and experiences that they bring to the table, resulting in a united and customer orientated group of people. We have a state-of-the-art technology and offer unique ‘micro-sites’ to all Landlords to share via our social channels that we are renowned. In addition, we advertise on all major portals and within local media. At Keystones we offer a ‘one stop shop’ experience and provide services on property lettings, management, maintenance, mortgage facilities and investment opportunities.
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