Summary - 72, Forest Road CO4 3RE
2 bed 1 bath Maisonette
Chain-free investment with conversion upside near transport and university.
Chain free and currently tenanted until summer 2026
Two double bedrooms with conversion potential to 3–4 bedrooms
Approx 776 sq ft; bright lounge/diner and separate fitted kitchen
Leasehold with 106 years remaining; verify lease details
Service charge £400 (below average); ground rent £10
Private rear garden; low-maintenance outdoor space
Area is very deprived and crime rate is above average
Close to University of Essex and Hythe train station
This 2-bedroom first-floor maisonette in Greenstead, Colchester, is offered chain-free and currently let until summer 2026—ideal for buy-to-let investors seeking immediate rental income. At about 776 sq ft the home has spacious rooms throughout, double glazing, gas central heating and a private rear garden that would appeal to tenants or small families.
The layout remains as-built (two double bedrooms and one bathroom) and presents straightforward potential to convert into three or four bedrooms to increase income, subject to consents. The lease has 106 years remaining; current service charge is £400 (below average) and ground rent £10. Prospective buyers should verify charges and lease details with their solicitor.
Location is a practical strength: close to the University of Essex, Hythe train station, Tesco and local bus routes. Broadband speeds are fast and mobile signal is excellent. Note the property sits in a very deprived area with above-average crime rates—factors that will influence tenant demand, rent levels, and insurance costs.
This is a pragmatic acquisition: clear rental upside and conversion potential but with socio-economic and safety considerations to weigh. Investors should budget for possible refurbishment and confirm tenancy terms before exchange.
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