Maldon Road, Colchester, Essex, CO3 3AQ
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
6
- BATHROOMS
3
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- Tenanted Investment Oppurtunity
- Fully Managed
- Sold With Tenants In Situ
- Fully Fitted Kitchen
- Within Easy Reach of Amenities
- Fantastic Transport Links
- 6 Bedroom HMO
- 7.82% Net Yield
Description
Located in Essex, Colchester is in an enviable position just 50 miles from London. The popular commuter town is connected with the capital by the A12 road and frequent services from Colchester Railway station and is conveniently just 30 miles from London Stanstead Airport. The historic town was named one of the top places to live in the UK in 2021 due to it’s beautiful coastline, countryside and culture offering. Property prices have increased by 5% in the last year and 10% since 2018 (Rightmove) which means the town is a great candidate for buy-to-let investment where rental demand will be high and offering great potential for capital growth.
Colchester is undergoing extensive projects of regeneration which will only add to it’s attraction as a place to live and work. The multimillion-pound projects include plans to revitalise the town centre, improve infrastructure and create roads, improve walking and cycling links around the centre and bring new trains and homes to the county. The town is already the largest employment centre in North Essex meaning there will certainly always be demand for this kind of property on the rental market. Don’t miss out and enquire today!
Financial Breakdown
Gross Rent: £38,520.00
Net income: £27,372.00
Gross yield: 12.33%
Net yield: 8.76%
Please contact agent for full financial breakdown.
IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
yieldit ref: YL-07621
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
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Maldon Road, Colchester, Essex, CO3 3AQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Colchester Town Station0.5 miles
- Colchester Station1.0 miles
- Hythe Station1.5 miles
About the agent
yieldit, Manchester
Suite 2A Osprey House at The Nest, Broadway, Manchester, M50 2UE.
Here at yieldit we specialise in the sale of tenanted, income generating buy-to-let property from investor to investor. We work with buyers and sellers who see the financial potential of a buy-to-let-property, and don't get distracted by little things - eliminating the normal stresses that come with trying to sell a buy-to-let property on the high-street.
yieldit brings a wide range of income generating properties to market, from larger homes perfect for families to city centre apartmen
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Visit our security centre to find out moreDisclaimer - Property reference YL-07621. 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 yieldit, Manchester. 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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