Summary - Ship Wharf, Colchester CO2 8YS
2 bed 2 bath Apartment
Ready-income flat near university and station, ideal for student or commuter lets.
Tenant in situ paying £1,300 pcm providing immediate income
Approx. 9.2% gross rental yield at current purchase price
Two double bedrooms with en-suite and family bathroom
Open-plan living with Juliet balcony and integrated kitchen
Leasehold with c.113 years remaining
Service charge approximately £2,250 pa; ground rent c. £350 pa
Located within walking distance of University of Essex and Hythe Station
Local area: cosmopolitan student neighbourhood; crime levels reported high
This modern two-bedroom apartment in Ship Wharf offers a strong rental return and immediate income with a tenant in place paying £1,300 pcm. Positioned close to the University of Essex and Hythe station, it suits investors targeting student or commuter demand. The open-plan living area, Juliet balcony and integrated kitchen give a contemporary, low-maintenance appeal that tenants value.
Practical features include two bathrooms (main plus en-suite), generous double bedrooms and secure communal access. The lease has about 113 years remaining and the property benefits from excellent mobile signal and fast broadband — useful for student and professional tenants. The riverside Hythe development provides attractive communal landscaping and easy access to local shops and transport links.
Costs and constraints are factual and important for buying decisions: the property is leasehold with an average service charge of about £2,250 pa and ground rent around £350 pa. The area records higher crime levels and the neighbourhood is classified as a cosmopolitan, multicultural student area — factors that affect tenant mix and management requirements.
Overall this is a turn-key investment for buyers prioritising immediate rental income and proximity to university and rail links. Buyers should budget for ongoing service charges and factor the local crime profile into letting strategy or insurance costs.
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