2 Quaypoint
Station Road
Woodbridge
Suffolk
IP12 4AL
New Town Road, Colchester
Guide price £725,000
14 Bedroom House - Detached
- Superb rental income predicted £81,660
- 14 Study Bedrooms
- Three Kitchens
- Six Shower Rooms
- Potential to convert Cart Lodge
- Good size rear garden
- Off road parking
- Predicted Yield of 11.26%
An investment opportunity to purchase a property with a predicted 12 months gross income of £81,660 a year, yielding 11.26%. being let to students, situated close to the town centre.
Description
An excellent opportunity to purchase a well-managed investment property that has been continuously rented for over 25 years. This is part of a superb property portfolio, that is only selling due to the partners retiring. A predicted 12 months gross income of £81,660 a year, yielding 11.26%.
The property features accommodation spread over three floors: the ground floor includes a hall, kitchen, laundry room, sitting/dining room and six study bedrooms, one with an ensuite shower room and three shower rooms and two wc's. On the first floor there are five study bedrooms, a kitchen, cloakroom and a shower room, whilst on the third floor there are three study bedrooms, a kitchen and shower room.
Location
The property is conveniently located 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, taking about 22 minutes or alternatively there is the Colchester Institute on Sheepen Road also in easy reach.
Hall
Stairs to first floor.
Study Bedroom One
3.35m x 2.95m (11 x 9'8)Window to side
Ensuite Shower Room
low level wc, wash hand basin and shower cubicle.
Study Bedroom Two
4.09m x 1.85m (13'5 x 6'1)Window to front and wash hand basin.
Study Bedroom Three
3.78m x 2.46m (12'5 x 8'1)Window to front and wash hand basin.
Study Bedroom Four
3.25m x 3.05m (10'8 x 10)Window to front and wash hand basin.
Laundry Room
Kitchen
3.40m x 2.44m (11'2 x 8)Window to side, fitted units with sink unit and cupboards under, adjacent work tops with cupboards and drawers under.
Lounge/diner Room
5.54m x 4.19m (18'2 x 13'9)Windows to rear and side
Study Bedroom Five
4.24m x 2.69m (13'11 x 8'10)Windows to rear and side and wash basin.
Study/Bedroom Six
3.12m x 2.49m (10'3 x 8'2)Window to side and wash hand basin.
Shower Complex
Three shower cubicles, two wc's and wash hand basin.
First Floor Landing
Cloakroom
Window to side, low level wc and wash hand basin.
Shower Room
Low level wc, wash hand basin and shower cubicle.
Study Bedroom Seven
4.14m x 1.88m (13'7 x 6'2)Window to front and wash basin.
Study Bedroom Eight
3.73m x 2.46m (12'3 x 8'1)Window to front and wash basin.
Study Bedroom Nine
3.94m x 3.78m (12'11 x 12'5)Window to front and fitted kitchenette.
Study Bedroom Ten
3.40m x 2.41m (11'2 x 7'11)Window to rear and wash basin.
Study Bedroom Eleven
3.45m x 3.40m (11'4 x 11'2)Window to rear and fitted kitchenette.
Kitchen Two
3.40m x 2.13m (11'2 x 7')Window to rear, fitted units incorporating a sink unit and cupboard under adjacent work surfaces with cupboards and drawers under.
Second floor landing
Kitchen Three
3.51m x 2.06m (11'6 x 6'9)Window to side, fitted units incorporating a sink unit and cupboard under adjacent work surfaces with cupboards and drawers under.
Study Bedroom Twelve
3.61m x 2.62m (11'10 x 8'7)Window to front and wash basin.
Study Bedroom Thirteen
4.70m x 2.13m (15'5 x 7)Window to front and wash hand basin.
Study Bedroom Fourteen
4.55m x 3.78m (14'11 x 12'5)Window to rear and fitted kitchenette.
Shower Room
Shower cubicle, low level wc and wash hand basin.
Outside and Gardens
There is a front lawned garden with a driveway adjacent leading up to a cart lodge garage with the potential to convert. There is a brick paved patio to immediate rear leading onto a lawned garden with mature trees and shrubs.
Agents Note
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 or with vacant possession.
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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