£130,000
1 bed flat for saleSheepen Place, Colchester CO3
1 bed
1 bath
1 reception
EPC Rating: B
About this property
Attractive investment opportunity with a strong 8.7% yield
One bedroom first floor flat offered with tenant in situ
Bright living room with doors opening onto a Juliet balcony
Well-arranged kitchen providing practical everyday space
Generous bedroom featuring a built-in wardrobe
Convenient first floor position with practical features throughout
This well-presented one bedroom first floor flat is offered with a tenant in situ, generating an attractive 8.7% yield, making it an ideal opportunity for investors seeking an immediate rental income.
The property is accessed via an entrance hall, which benefits from a useful airing cupboard as well as an additional storage cupboard, providing excellent practical storage space.
The living room is bright and inviting, featuring doors opening onto a Juliet balcony, allowing plenty of natural light to fill the space while adding an attractive feature to the main living area. The kitchen is well arranged and provides a practical space for everyday use.
The bedroom is well proportioned and benefits from a built-in wardrobe, maximising storage and functionality. The accommodation is completed by the bathroom.
Overall, the property provides a well-balanced layout with practical features throughout, all within a convenient first floor position. As the property is being sold with a tenant in situ, it is available to investors.
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More information
Tenure
Leasehold (82 years)
Service charge
£1,583 per year
Council tax band
B
Ground rent
Ground rent date of next review
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