Practical buy-to-let with parking and strong rental potential.
Walking distance to Colchester North station and general hospital
A compact, low-maintenance one-bedroom apartment in a convenient Colchester location ideal for buy-to-let investors. The first-floor flat benefits from windows on three aspects, a roomy living/dining area, built-in bedroom storage and an allocated parking space — practical features that attract long-term tenants.
The property is offered chain free and has 106 years remaining on the lease. Service charge and ground rent are modest for the area (£1,083.10pa service charge; £216pa ground rent), giving predictable ongoing costs. It is currently occupied by reliable tenants paying £850 PCM who would be willing to stay; the vendor also states the property can be provided with vacant possession if preferred.
Buyers should note the main heating is electric (room heaters) which can mean higher energy costs than gas-heated flats. Broadband speeds are typical for the area (10–80 Mbps). The apartment’s compact footprint and average overall size suit single occupants or couples rather than families seeking extensive living space.
Overall this is a straightforward investment or starter-home opportunity: close to Colchester North station and the general hospital, low management complexity, and immediate rental income potential — balanced against electric heating and the usual leasehold charges.
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