Ever Popular New Town...

By Jonathan Bailey

Ever Popular New Town…

With New Town, Colchester as popular as ever with applicant’s due to its array of properties, proximity to town and value for money landlords can cash in on their investment.

At Michaels we currently have a sleek, modern three bedroom house on Canterbury Road to rent. Ideal for family life the property offers three good size bedrooms and stunning modern kitchen and bathroom. The property also has an attractive and easily maintained rear garden. The property has been remodeled so that there is a WC on the first floor whilst the family bathroom is situated downstairs. The property is a short walk from Colchester’s town center and station and is also within a short walk of local schools, shops and amenities.

With the area being popular with renters, landlords and investors target the area with property prices offering fantastic value and good rental yields.

This beautifully presented three bedroom house in the area would make a tidy investment for anyone looking to increase their portfolio. In the current rental market the property would achieve in the region of £1000pcm achieving a gross yield of around 5% depending on the purchase price. The property is on the market with another agent locally.

Another property ideal for investors is this three bedroom end terrace house in Charles Street. The property is in decent condition and apart from a little tidy around would be ready for tenants to move into. The house would currently achieve around £850pcm on the rental market therefore giving a yield of in excess of 5% depending on the price of purchase. Again, this property is on with another local agent.

For further information on the opportunities in the new town area or our services please do not hesitate to contact us today.