Summary - 30 NEW TOWN ROAD COLCHESTER CO1 2EF
14 bed 6 bath Detached
**Key Features:**
- 14 study bedrooms set up for student rental
- Predicted annual rental income: £81,660
- High yield of 11.26%
- Three kitchens and six shower rooms
- Good-sized rear garden and off-road parking
- Potential to convert the cart lodge
- Conveniently located near the city center and university
This substantial detached property boasts an impressive layout ideal for investors looking to capitalize on the booming student rental market. With 14 study bedrooms and multiple communal kitchens and shower rooms, it has consistently achieved high occupancy rates for over 25 years and offers a lucrative predicted annual income of £81,660, representing an impressive rental yield of 11.26%.
Situated close to Colchester's vibrant city center, future tenants will benefit from easy access to shops, dining, and public transport, including rapid links to London. The property features a spacious and private rear garden, perfect for outdoor gatherings, and ample off-road parking. Additionally, the potential for conversion of the cart lodge further enhances its investment appeal.
The property is being offered in good order but may benefit from minor updates to maximize its rental potential. With flexibility for future extensions and modifications under current planning permissions, this property presents a unique and lucrative opportunity in a sought-after student neighbourhood. Don't miss out—properties like this don’t stay on the market long!
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