2 Quaypoint
Station Road
Woodbridge
Suffolk
IP12 4AL
Harsnett Road, Colchester
Guide price £365,000
6 Bedroom House - Semi-Detached
An investment opportunity to purchase a property with a predicted gross income of £35,580 a year, yielding 9.78% being let to students, situated close to the town centre.
Description
This is an excellent opportunity to purchase a well-managed investment property that has been continuously rented for 25 years. This is part of a superb property portfolio, that is only selling due to the partners retiring. The current predicted 12 month gross income is approximately £35,700 letting to students, resulting in a potential gross yield of 9.78%.
The property features accommodation spread over three floors: the ground floor includes a hall, sitting room, kitchen, and two study bedrooms, whilst the first floor has three study bedrooms and two shower rooms and the second floor contains one study bedroom. The property backs onto Old Heath Recreational Ground.
Location
The property is conveniently located backing on to the Recreational Ground, as well as near the city centre of Colchester, where you can find a variety of shops, restaurants, and numerous amenities. It is also close to the Town railway station, which provides a fast and frequent service to London, taking approximately 46 minutes. The University is easily accessible via the bus to the University, taking about 15 minutes alternatively the Colchester Institute on Sheepen Road is in easy reach.
Entrance Hall
Stairs to first floor.
Study Bedroom One
3.73m x 3.48m (12'3 x 11'5)Window to front.
Study Bedroom Two
3.58m x 3.02m (11'9 x 9'11)Window to rear.
Sitting Room
3.45m x 3.28m (11'4 x 10'9)Window to side and door to kitchen
Kitchen
3.28m x 3.07m (10'9 x 10'1)Window to rear and side, fitted units incorporating sink unit and single drainer, cupboards under, further work tops cupboards and drawers under. Door to rear garden.
Landing
Study Bedroom Three
3.45m x 3.40m (11'4 x 11'2)Window to rear
Study Bedroom Four
3.58m x 2.13m (11'9 x 7)Window to rear
Study/Bedroom Five
3.48m x 2.84m (11'5 x 9'4)Window to front.
Shower Room
Window to front, shower cubicle, low level wc and wash hand basin.
Shower Room
Shower cubicle, low level wc and wash hand basin.
Landing
Study Bedroom Six
4.09m x 1.85m and 4.09m x 1.70m (13'5 x 6'1 and 13Two Velux windows to rear.
Outside and Gardens
There is hard standing to the front of the property with a gate giving access to the rear garden again hard standing for easy maintenance, backing onto Old Heath Recreation Ground. There is a boiler house to the rear of the property.
Agents Notes
Services: Mains water, electricity, gas and drainage are connected to the property and gas central heating.
Tenure: Freehold
Local Authority: Colchester City Council
Council Tax: Band C
EPC: Band D
Licenced HMO
Potential to extend.
Available to purchase as a furnished tenanted property.
Energy Efficiency and Environmental Impact
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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