Offers over
£160,000
2 bed flat for saleBallantyne Drive, Colchester CO2
2 beds
2 baths
1 reception
EPC Rating: D
- Leasehold
Keystones
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About this property
Tenant in place until September 2026
9.3% rental yield return based on the current asking price
Close to the university
Private balcony
En-suite shower room & bathroom
Fitted kitchen with white goods
Situated on Ballantyne Drive, this leasehold apartment in Colchester offers an attractive opportunity for investors seeking steady rental income. With a tenant secured until September 2026 and a notable 9.3% rental yield, it presents a solid investment in a thriving area. The apartment includes two bedrooms, each complemented by its own bathroom facilities, including an en-suite shower room.
The property is conveniently located close to the university, making it an ideal choice for students or academic professionals. The fitted kitchen comes equipped with white goods, providing immediate functionality for occupants. A private balcony adds an outdoor space for relaxation or study breaks.
Colchester offers a rich historical backdrop combined with modern amenities, making it an appealing location for residents. Its close proximity to educational institutions and local transport links further enhances its desirability. This property represents a rare chance to secure an affordable investment with promising returns in a sought-after area.
With high demand for properties in this location, act quickly to secure this opportunity before it's gone
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More information
Tenure
Leasehold (141 years)
Service charge
£3,417 per year
Council tax band
TBC
Ground rent
£250
Ground rent date of next review