Summary - Flat 46 Pier Wharf, Quayside Drive, COLCHESTER CO2 8GN
2 bed 2 bath Apartment
Ready-to-let two-bedroom flat near University of Essex — turnkey investment or first home..
No onward chain; recently renovated two-bedroom apartment
This third-floor, two-bedroom apartment on Quayside Drive is presented with no onward chain and has been newly renovated, making it ready to let or occupy. At around 571 sq ft it offers open-plan living with balcony access, two bathrooms (including an en-suite) and lift access — features that appeal strongly to students and buy-to-let landlords targeting the nearby University of Essex.
The location is a clear strength: Hythe railway station, Tesco and Colchester city centre are within easy reach, and the property benefits from excellent mobile and fast broadband speeds. The flat’s layout, double glazing and modern kitchen appliances help it achieve an EPC C and contribute to a good rental yield in this cosmopolitan student neighbourhood.
Buyers should note material practicalities plainly. The property is leasehold (155-year lease from 1 April 2005) with an annual service charge around £2,110 and a ground rent element. Heating is by electric room heaters, which typically costs more than gas central heating. The area records higher crime levels; purchasers should consider insurance and security measures.
There is also a general advisory that an EWS1 (external wall survey) may be recommended for some apartment blocks in the area depending on cladding and balcony arrangements. Prospective purchasers should check service charge details, confirm lease terms with their solicitor, and budget for potentially higher running costs and security improvements. For investors or first-time buyers seeking a low-entry, turn-key property close to transport and the university, this flat offers immediate letting potential and straightforward occupation.
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