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3 bedroom house for sale

Avon Way, Colchester

Sold STC £115,000

Property Description

Full description

CASH BUYERS ONLY - An ideal investment opportunity offering a three bedroom flat located to the Eastern side of Colchester within close proximity to The University of Essex. The accommodation consists of three bedrooms, kitchen/lounge area, bathroom, communal student games room and enclosed off-road parking. The property is to be purchased with tenants in situation occupied as student accommodation with on-site management company and receives a yearly net income of approximately £8,610 which offers an approximate net annual yield of 7.5%.



Agents Notes - The current income and expenditure of this property supplied by the current vendor is as follows:

Rental expected income: £13,258 per annum
Management fee (8% plus VAT): £1272 per annum
Service charge estimate (current plus 2%): £3,038 per annum
Ground rent: £250 per annum
Total expenses estimated: £4,560 per annum
Net income approximately: £8,728 per annum
Net yield approximately: 7.5%

One allocated parking space.


More information from this agent

Listing History

Added on Rightmove:
14 September 2016

Map & Street View

Disclaimer - Property reference 26506788. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Jackson & Co ltd, Colchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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