2 Quaypoint
Station Road
Woodbridge
Suffolk
IP12 4AL
Military Road, Colchester
Guide price £260,000
4 Bedroom House - Semi-Detached
- Great Investment opportunity.
- Potential to increase rental income utilising 5th Study/bedroom
- Sitting Room
- Easy access to University by bus service.
- Close to Park and City centre.
- Off road parking
- Enclosed rear garden.
- Walking distance of shops
An investment opportunity to purchase a property with a predicted gross income of £21,780 a year, yielding 8.37% being let to students, but a potential income of £27,180 if utilising the sitting room as a 5 study bedrooms.
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 gross income of £21,780 a year, yielding 8.37% being let to students utilising 4 study bedrooms. There is the opportunity to change the sitting room to a fifth study bedroom to increase the income.
The property features accommodation spread over two floors: the ground floor includes a hall, cloakroom, kitchen, sitting room and a study bedrooms, whilst the first floor has three study bedrooms and a bathroom.
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 and cupboard housing the gas and electrics
Cloakroom
Low level wc and wash hand basin
Sitting Room
3.71m x 3.56m (12'2 x 11'8)Window to front, sealed fireplace.
Study Bedroom One
3.56m x 3.07m (11'8 x 10'1)Window to rear.
Kitchen
3.81m x 1.70m (12'6 x 5'7)Window to side, door to garden, fitted units incorporating a sink unit and cupboard below, adjacent work surfaces with cupboards and drawers under. Range of eye level cupboard and gas fired boiler.
Landing
4.11m x 1.70m (13'6 x 5'7)
Study Bedroom Two
3.56m x 3.07m (11'8 x 10'1)Window to rear
Study Bedroom Three
2.69m x 2.67m (8'10 x 8'9)Window to front
Study Bedroom Four
3.71m 3.56m max (12'2 11'8 max)Window to front
Bathroom
3.81m x 1.70m (12'6 x 5'7)Window to rear. Panelled bath with shower over and screen, wash hand basin low level wc.
Outside and Gardens
To the front of the property is parking for one vehicle. There is a side access to the rear garden with a large hard landscaping to the immediate rear leading on to an enclosed lawned garden.
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 B
EPC: Band D
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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