Turner Road, Colchester
- PROPERTY TYPE
Apartment
- BEDROOMS
1
- BATHROOMS
1
- SIZE
Ask agent
Key features
- ONE BEDROOM
- INVESTMENT OPPORTUNITY
- LEASE HOLD
- OPEN PLAN LIVING
- ALLOCATED PARKING
- BALCONY
- CLOSE CITY CENTRE
- WALKING DISTANCE TO STATION
- CLOSE TO ALL LOCAL AMENITIES
- LOW EPC AND COUNCIL TAX RATING
Description
This contemporary one-bedroom apartment, featuring an inviting balcony, is perfectly situated within walking distance of Colchester's North train station with mainline links to London's Liverpool Street, Colchester's General Hospital, and Highwoods Country Park. There is also easy access to the A12, and Colchester's historic town centre, as well as local shops, and amenities making it a prime investment opportunity for the buy-to-let market.
Currently available with no ongoing chain, this second-floor property is poised to generate an attractive rental yield, with a potential income of £900 monthly (£10,800 yearly).
The complex assures convenience and security with amenities that include an intercom entry system, lift access, dedicated bicycle and refuse storage, and the benefit of an assigned parking space.
LOCATION Turner Road is situated in a residential area that is also home to the Colchester General Hospital and the Colchester Community Stadium (also known as JobServe Community Stadium), where the local football team, Colchester United FC, plays their home games.
ENTRANCE HALL
OPEN PLAN LIVING ROOM 16' 1" x 11' 11" (4.9m x 3.63m)
BALCONY
KITCHEN 8' 9" x 7' 3" (2.67m x 2.21m)
BEDROOM 11' 6" x 10' 9" (3.51m x 3.28m)
BATHROOM 7' 0" x 5' 7" (2.13m x 1.7m)
When considering the purchase of a leasehold property with a 125-year term starting from June 2014, it's important to take into account the various costs associated with the lease-which in this case includes a rising ground rent and service charges. Here's a breakdown of the information you provided:
Ground Rent: £364 per annum. Since it's a rising ground rent, this amount is likely to increase at specified intervals detailed in the lease agreement.
Service Charges: £2,067.96 per annum. These charges typically cover the cost of maintaining common areas, building insurance, and other services provided by the landlord or managing agent.
The incremental increases in ground rent as stipulated in the lease agreement, coupled with the outcomes of the EWS1 review, could potentially restrict the ability to obtain a mortgage or other financing for this property.
Brochures
John Alexander - ...- 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.
- Band: B
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Allocated
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Turner Road, Colchester
Add your favourite places to see how long it takes you to get there.
__mins driving to your place
About John Alexander, Colchester
99 London Road, Colchester, CO3 0NY
Established in 2007, John Alexander have developed and grown their privately owned brand over the years to become one of the major providers in the area for sales, lettings and property management. This success has been driven by a team of professional and motivated staff who have a focus and ambition to provide a service which is next to none.
With the recent appointment of Craig Ganderton as Sales Director the need has arisen to expand and relocate to accommodate this growing business. We have moved into our new office in Stanway and freshed the John Alexander their brand along with the launch of a new logo. New and exciting times lie ahead for this fresh, vibrant and proactive company that is evolving with the changing needs of our clients.
Meet the team of experienced and professional staff and understand more about what makes them the agent of choice in this area. All have very different qualities and experiences that they bring to the table, resulting in a united and customer orientated group of people.
At John Alexander we offer a 'one stop shop' experience and provide services on property sales, lettings, personal finance and mortgage facilities, investment opportunities for landlords and investors and land opportunities.
https://john-alexander.co.uk/Your mortgage
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 103646012504. 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 John Alexander, 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.