£150,000
2 bed flat for salePort Lane, Colchester CO1
2 beds
1 bath
1 reception
EPC Rating: C
Added on
Keystones
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About this property
Chain free
2 bedrooms
Separate kitchen
Low service charges and ground rent
Communal gardens
Perfect for first time buyers or investors
Potential rent £1150 pcm - £1200 pcm
This leasehold property on Port Lane in Colchester provides a practical living space with two bedrooms and a separate kitchen. The absence of a chain simplifies the buying process, making it an attractive option for first-time buyers or those looking to expand their property portfolio. The communal gardens offer a shared outdoor space for relaxation.
The property's affordability is enhanced by low service charges and ground rent, ensuring manageable ongoing costs. With a potential rental income of £1150 to £1200 per calendar month, it presents a compelling investment opportunity. The location in Colchester places you within easy reach of local amenities, transport links and the University.
Colchester is known for its historical significance and vibrant community atmosphere. The area offers a range of educational institutions, including reputable schools, making it suitable for families as well. Act quickly to secure this competitively priced property in a sought-after area
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More information
Tenure
Leasehold (103 years)
Service charge
£644 per year
Council tax band
TBC
Ground rent
£10
Ground rent date of next review