Summary - Ballantyne Drive, Colchester, Essex, CO2 CO2 8XZ
2 bed 2 bath Penthouse
Large wrap-around balcony and reliable rental income close to university and station.
Wrap-around balcony with wide outlook
Allocated off-street bay parking
Close to University of Essex and Hythe station
Currently tenanted at £1,800pcm — immediate rental income
Leasehold: ~£1,800pa service charge, £200 ground rent
Electric storage heating — potentially higher energy costs
High local crime rate in the surrounding city area
921 sqft open-plan layout; practical for sharers or students
A two-bedroom top-floor penthouse offering 921 sqft of open-plan living, positioned close to the University of Essex and Hythe Railway Station. The apartment benefits from a wrap-around balcony, allocated off-street bay parking and an EPC rating of B — attributes that support strong tenant demand in this student-centred area.
This property is currently let at £1,800pcm, providing immediate rental income for an investor or a steady cashflow for a buy-to-let purchaser. The layout includes an entrance hallway, open-plan kitchen/living/dining area, two bedrooms (one en-suite) and a main bathroom — a practical arrangement for sharers or students.
Buyers should note this is a leasehold flat with an average service charge of £1,800 per year and a £200 ground rent. Heating is by electric storage heaters, which can mean higher energy costs compared with gas central heating. The wider neighbourhood has a high recorded crime level, reflecting its city-centre, student-dominated character; factor this into tenant profiling and insurance costs.
Overall this is a modern, low-maintenance apartment with strong rental credentials and good transport and shopping links. It suits investors seeking immediate income or buyers wanting a low-fuss city-base, but review lease terms, service charges and running costs before committing.
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