Guide price
£125,000
2 bed flat for saleAvon Way, Colchester, Essex CO4
2 beds
1 reception
EPC Rating: D
Added on
Leaders - Colchester
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About this property
Investment opportunity
Approx £1200 per month rental income
Guaranteed for 5 years from Oct 2024 based on 52 week residency.
Council nominated tenants only.
Fully Managed by BeyondtheBox for an 8% charge.
Communal Residents Lounge and Laundry.
Close to Station and the A12
*Investors Only*
price range £125,000 to £135,000
These blocks of flats offer a great opportunity for investors.
These are managed flats and as such you can purchase the property safe in the knowledge that an experienced compnay takes care of all the necessary day to day management (for a fee of 8%). At the middle of the price range taking the 8% fee into account the gross yield is 9.5%.
Further details regarding the set up are available from the Colchester Office.
Entrance Hall
Lounge (5.87m x 3.1m)
Kitchen (3.12m x 2.6m)
Bathroom
Bedroom 1 (3.58m x 2.6m)
Bedroom 2 (3.1m x 2.9m)
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Local area information
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More information
Tenure
Leasehold (109 years)
Service charge
£3,100 per year
Council tax band
A band has not yet been confirmed.
Ground rent
£500
Ground rent date of next review