Summary - 4 IONA WALK ROWHEDGE COLCHESTER CO5 7JD
2 bed 1 bath Apartment
Private garden, parking and steady rental income potential.
Currently let at £950 per calendar month (income-producing)
Approx. 505 sq ft — compact two double bedrooms
Private rear garden and allocated off-road parking space
Leasehold: approx. 100 years remaining
Ground rent approximately £125 per annum
Needs cosmetic renovation to maximise value
Very low flood risk; average local crime and services
Situated near good-rated primary and secondary schools
This two-bedroom leasehold apartment in Rowhedge presents a clear investment opportunity with a consistent rental history and modest running costs. Currently let at £950 pcm, the property offers a straightforward income stream and a compact, manageable footprint ideal for a buy-to-let portfolio or first-time landlord.
The flat sits on a roughly 505 sq ft layout with two double bedrooms, a spacious lounge with bay window, fitted kitchen and a single bathroom. A small private rear garden and an allocated off-road parking space add tenant appeal. The remaining lease is approximately 100 years and the quoted ground rent is £125 per annum.
The property is described as generally sound but in need of a cosmetic refresh to maximise rental value or resale price. Buyers should note the apartment is leasehold and requires renovation work — upgrades to heating and decor may be needed. Flood risk is very low and local schools and amenities are within easy reach.
For investors seeking a compact, income-producing asset in an area with steady demand, this flat offers immediate rent reception and scope to increase value after modest refurbishment. For occupants or first-time buyers, the size is small and will suit those prioritising location and low-maintenance living over generous space.
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