Riverside Place, Colchester, CO1
- PROPERTY TYPE
Terraced
- BEDROOMS
5
- 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.
Freehold
Key features
- Five bedroom townhouse arranged over four floors
- Exclusive gated riverside development on the River Colne
- Investment opportunity with approximately 9% gross yield
- Tenants in situ, offering established rental income
- Potential rental income exceeding £3,000 pcm when fully let by the room
- Spacious open-plan kitchen, dining and living area
- Newly fitted kitchen appliances, generous worktops and storage
- Second-floor bedroom with en-suite shower room
- Principal suite occupying the entire third floor with built-in storage and en-suite
- Easy to maintain rear garden
Description
Beresfords are pleased to present this substantial five bedroom townhouse, ideally positioned within an exclusive gated riverside development on the banks of the River Colne. Offering an attractive investment opportunity, the property benefits from tenants in situ and has the potential to generate an income in excess of £3,000 per calendar month when fully let by the room at current room rates, representing an approximate gross yield of 9%, subject to the purchase price and occupancy.
Arranged over four floors, the property offers versatile accommodation and an excellent location within walking distance of Colchester city centre, Castle Park and both Colchester Town and Colchester North railway stations, providing convenient access to local amenities and commuter links to London.
The ground floor comprises an entrance hall with a downstairs cloakroom, leading through to a spacious open-plan kitchen, dining and living area. The kitchen benefits from newly fitted appliances, generous worktop space and ample storage, creating a practical and sociable living environment.
The first floor comprises a further reception room, currently utilised as an additional bedroom, alongside a separate bedroom. The second floor offers two further bedrooms, one benefiting from an en-suite shower room, together with the family bathroom. The entire third floor is dedicated to the principal bedroom suite, complete with built-in storage and an en-suite shower room.
Externally, the property forms part of a secure gated development and benefits from a double garage and allocated parking for two vehicles.
The surrounding riverside setting offers attractive walks along the River Colne, with access to the historic city centre and Castle Park within easy reach.
Combining spacious accommodation across four floors, a desirable riverside setting and established rental potential, this property represents an appealing opportunity for investors seeking a substantial residential investment in a well-connected Colchester location.
AGENTS NOTE:
Estate Charge (per annum): TBA
Brochures
Particulars- 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: E
- 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.
- Yes
- 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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Visit our security centre to find out moreDisclaimer - Property reference COS260216. 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 Beresfords, 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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