£240,000 Offers In Excess Of

Rosalind Close, , Colchester

  • Excellent Investment Opportunity
  • Student Let
  • House Of Multiple Occupancy
  • Five Bedrooms
  • Open Plan Kitchen Living Area
  • Downstairs W.C
  • First Floor Bathroom
  • Room Let Out £425PCM (£2,125 PCM)
  • 10.2 % Yield (At Purchase Price Agreed)
Floorplan Brochure Arrange a Viewing

Location

An excellent investment opportunity has arisen to purchase this spacious five bedroom terraced property, situated in close proximity to the University Of Essex and array of local amenities, ranging from local shops, bus links and Colchester Hythe Station. This property has been designed to be one of multiple occupancy and therefore features five double bedrooms, across two floors and a communal kitchen/living area. All of the necessary alterations, including fire doors, smoke detectors and regulations (to our knowledge) have been approved and therefore would make the ideal stress free investment. The current owners have got five professional students moving into residence as of late January 2019 and they have agreed a sum of £425 PCM, totalling £2125 PCM income. If agreed at asking price, this would make an exceptional investment reaching a yield of 10.2%. The property benefits from a private garden and rear access. Offered with No Onward Chain, we advise early internal inspections to avoid disappointment.

First Floor

First Floor Landing

Stairs to ground floor, loft access above, airing cupboard housing immersion tank, smoke alarm, further doors to:

Family Bathroom

UPVC to rear aspect, W.C, pedestal wash hand basin, panel bath with shower over, tiled wall behind, wood effect laminate floor

Bedroom Three

9' 6" x 7' 8" (2.90m x 2.34m) UPVC to front aspect, radiator, cupboard, smoke alarm

Bedroom Four

14' 5" x 9' 8" (4.39m x 2.95m) UPVC window to front aspect, radiator, cupboard, walk in dressing area with rail and light

Bedroom Five

11' 0" x 9' 8" (3.35m x 2.95m) UPVC to rear aspect, radiator, built in cupboard

Garden & Outside

As previously mentioned, this property benefits from a private rear garden featuring a small patio area, with the remainder predominantly laid to lawn. The boundaries are formed by panel fencing and there is a gate providing access to the rear. The property fronts on to an attractive green area, home to mature shrubs, plants and trees. Parking can be found on road to the rear.

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