1 bed flat for sale

Colchester, Essex 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