Roger Browning House, Maidenburgh Street
- PROPERTY TYPE
Ground Flat
- BEDROOMS
1
- BATHROOMS
1
- SIZE
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Key features
- TO BE SOLD BY ONLINE AUCTION
- TENANTS IN SITU
- 1 BEDROOM
- LOUNGE/DINING ROOM, KITCHEN & BATHROOM
- PARKING
- COMMUNAL GARDEN
Description
TO BE SOLD BY ONLINE AUCTION ON 13TH–14TH MAY 2026, UNLESS SOLD PRIOR UNDER AUCTION TERMS
3, Roger Browning House, Maidenburgh Street, Colchester, Essex, CO1 1TT
An attractive investment opportunity to acquire a one-bedroom ground floor apartment ideally positioned in the heart of Colchester town centre, directly adjacent to the popular Castle Park.
The property is being sold with a tenant in situ and, as advised, is currently generating a rental income of £750 per calendar month, equating to approximately £9,000 per annum (AST not seen to confirm), offering an immediate return for investors.
Based on a guide price of £100,000, this would represent a gross yield of approximately 9%.
The accommodation comprises an entrance hall, a well-proportioned lounge/dining room, a fitted kitchen with adjoining utility area, a double bedroom benefitting from a large built-in wardrobe, and a bathroom. Externally, the property enjoys access to communal gardens, a large drying area, and a communal parking area.
The property is situated in a highly convenient and desirable central location, within immediate reach of a wide range of shops, restaurants, amenities and transport links, making it an appealing proposition for both tenants and investors alike.
The property falls within Council Tax Band A and has an EPC rating of D.
Tenure is leasehold with approximately 95 years remaining on the lease. Details of ground rent and service charge will be confirmed within the legal pack.
- 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: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Communal
- GARDENA property has access to an outdoor space, which could be private or shared.
- Communal garden
- 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
Roger Browning House, Maidenburgh Street
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Visit our security centre to find out moreDisclaimer - Property reference EM-168218. 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 Edward Mellor Ltd, Auction. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Edward Mellor Ltd, Auction on 0161 524 2443.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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