2 bed flat for sale

Maria Court, Colchester CO2

Service charge (For Leasehold tenure): £1000 per year.
Ground rent (For Leasehold tenure): £25 per year. Review period: 1 (in years).

A fantastic buy to let investment opportunity, currently occupied by a long term tenant, providing a reliable rental income of £13,800 annually and an attractive 7.3% gross yield. With the potential to achieve approximately an 8% gross yield at current market rental values, this property is ideally suited to both experienced and first-time investors. This is a part-furnished, two-bedroom mid-floor flat. The property provides two bedrooms, two bathrooms and one reception room, with an open-plan lounge and kitchen-diner forming the main living area. Access is through a communal entrance with door entry system, providing controlled access to the building. The accommodation is arranged on one level and includes full double glazing throughout. The open-plan lounge provides the principal reception space and connects with the kitchen-diner, creating a combined area for seating, dining and everyday use. The kitchen is fitted with white wall and base units, black work surfaces, a stainless-steel sink and drainer, and a tiled or wipe-clean working area around the cooking facilities. Appliances include an oven and hob, fridge freezer and microwave. The kitchen also has multiple electrical sockets and a window providing natural light and external views. There are two double bedrooms within the flat. Both rooms provide space for bedroom furniture and benefit from double-glazed windows. One bedroom has access to an en-suite bathroom, providing private washing facilities in addition to the main bathroom. The second bathroom includes a fitted bath with tiled surrounds, a wash basin and a WC. The layout also includes internal hallway access between the reception area, bedrooms and bathrooms, with carpeted living and bedroom areas and practical flooring within the kitchen and bathroom spaces. The property forms part of Maria Court, a residential development with communal access arrangements and marked off-road parking. It has a allocated parking space, including marked parking spaces. The Energy Performance Certificate records an energy efficiency rating of B.

Features

• Oven/Hob
• Double Bedrooms