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Mortimer Gardens, Colchester CO4 1 bed flat for sale
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 strong potential for rental returns. The property is conveniently located near essential amenities and has a tenant in residence, producing an annual gross income of £10,200. The current tenants have been paying their rent on time and wish to continue their tenancy, providing a stable and secure investment. The property features one bedroom, a three-piece bathroom, a lounge, and a kitchen, as well as communal private parking. With its potential for rental income and a tenant already in place, this flat is a worthwhile addition to any investor's portfolio.