1 bed flat for sale

Quayside Drive, Colchester CO2

** buy to let investment earning £900PCM ** 8% rental yield based on current asking price **

This one-bedroom apartment on Quayside Drive presents a promising investment opportunity for those looking to enter the buy-to-let market. The property comes with a current tenancy agreement in place until September 2026, providing an assured income of £900 per calendar month. With 135 years remaining on the lease, this leasehold property offers long-term potential.

The apartment's location is particularly advantageous for investors targeting the student rental market, given its proximity to the university. A short walk away, students will find the convenience of local amenities and public transport options. The living room leads to a balcony, offering a pleasant outdoor space for tenants to enjoy.

Colchester is known for its historical significance and vibrant community, making it an attractive area for both students and professionals. With its blend of cultural attractions and modern conveniences, the city continues to thrive as a desirable place to live and invest in property.

Investors seeking an affordable entry point into the property market should consider this opportunity. With a current tenant in place and a prime location near the university, this apartment is well-positioned for continued rental success. Don't miss out on this chance to secure a valuable asset in Colchester

Disclaimer

Keystones Property also offer a professional, ARLA accredited Lettings and Management Service. If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.

Disclaimer: Information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents.

All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose