Waterside Lane, Colchester, Essex, CO2
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
2
- SIZE
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Key features
- Two bed two bath, second floor apartment
- Being sold with current tenants in situ who renewed in November 2025 for a further 12 months
- Annual rental income of £14,400 with the potential to bring this up to market rate of £16,800
- Current gross yield of 6.85% with the potential to increase this to 8% with a rental increase
- 132 years remaining on the lease
Description
Asking Price: £210,000 (water facing views)
Current Rental Income: £1,200 PCM (tenants renewed in November 2025 for another 12 months)
Estimated Market Rent: £1,400 PCM
Lease Remaining: 132 years
Service Charge (2025): £1,960.10
Ground Rent: £312 per annum
________________________________________
Modern Two-Bedroom Apartment with Strong Rental Yield Potential
An exceptional opportunity for investors to acquire a modern, low-maintenance two-bedroom, two-bathroom apartment located within a sought-after development in Colchester. Recently decorated and well-presented throughout, the property offers immediate income potential with a tenant already in place, alongside excellent prospects for rental growth. The apartment is situated on the more desirable side of the building, with water views instead of overlooking the carpark.
________________________________________
Property Overview
This charming apartment combines modern design with practical living. Situated on the second floor, it features spacious interiors, a contemporary kitchen, and a private balcony - perfect for tenants seeking comfort and convenience.
Accommodation Details:
* Entrance Hallway: Entry door with access to all rooms.
* Open-Plan Lounge/Kitchen/Diner
Bright and airy space with double-glazed windows, fitted wall and base units, oven, hob, extractor fan, sink with mixer tap, ample worktops, and space for appliances. Radiator included.
* Master Bedroom
Double bedroom with wardrobe, radiator, and doors leading onto the balcony.
* En Suite
Recently fitted with low-level WC, wash hand basin, and shower cubicle.
* Bedroom Two
Double-glazed window, wardrobe, and radiator.
* Bathroom:
Modern suite with low-level WC, wash hand basin, and bath with shower over.
* Parking:
Allocated off-road parking space for one vehicle.
________________________________________
Financial Summary
Detail Amount
Asking Price £210,000
Current Rent £1,200 PCM
Potential Rent £1,400 PCM
Gross Yield (Current) 6.85%
Gross Yield (Potential) 8.0%
Net Yield (Current) 5.8%
Ney Yield (Potential) 7.0%
Service Charge (2025) £1,960.10
Ground Rent £312 per annum
Lease Remaining 132 years
________________________________________
Let Pure Lettings Take The Strain.....
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- 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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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Waterside Lane, Colchester, Essex, CO2
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Visit our security centre to find out moreDisclaimer - Property reference Waterside-Lane-Colchester. 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 Pure, 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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