Summary - RECREATION HOUSE 1 THE BASEMENT WIMPOLE ROAD COLCHESTER CO1 2DL
1 bed 1 bath Flat
Affordable one-bed flat near town centre — lease under 70 years, so cash or specialist mortgage likely required.
One-bedroom flat with open-plan living area
A well-presented one-bedroom flat in central Colchester offering easy access to town amenities and the station. The open-plan living/sleeping area benefits from large double-glazed windows and neutral, modern finishes, while allocated off-street parking and fast broadband add practical convenience.
This property could suit a cash-buying first-time purchaser or a buy-to-let investor seeking an immediate rental income (estimated £750–£800 pcm). Communal entry, a fitted kitchen and recently maintained communal insurance are helpful, everyday features.
Important: the lease has 69 years remaining. Many mortgage lenders frequently refuse lending on leases below this threshold, so buyer finance options may be limited and lease extension costs should be factored in. There is an annual service charge and ground rent, and the flat uses electric storage heating which can be expensive compared with gas heating. EPC rating E and solid brick walls likely mean limited insulation without further works.
Overall this is an affordable entry to the Colchester market with clear rental potential and convenient location. Buyers should obtain mortgage confirmation and factor lease-extension and energy-improvement costs before committing.
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