Offers over

£160,000

2 bed flat for sale
Ballantyne Drive, Colchester CO2

    • 2 beds

    • 2 baths

    • 1 reception

  • EPC Rating: D

Leasehold
Added on 26/03/2024

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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Monthly repayment

£800 per month

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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

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