£300,000

Barrack Street, , Colchester

  • Investment Opportunity!
  • Student Let Opportuinty
  • Five Bedroom End Of Terraced Period Home
  • Low Maintenance Rear Garden
  • Basement & Lower Ground Storage Room
  • HMO With A Gross Annual Yield of 8% at £2000 PCM
  • Offered With Vacant Possession & No Onward Chain
  • Close Proximity To University Of Essex & Town Centre
  • Potential To Convert Back Into A Family Home
Floorplan Brochure Arrange a Viewing

Location

An excellent investment opportunity with this five bedroom end of terrace period home, which has been cleverly converted into a five bedroom HMO and for many years has been let successfully to the local student market and working professionals. Offered with no onward chain and vacant possession, this spacious home offers accommodation across two floors. The ground floor commences with a large entrance hall, with a wide staircase and doors leading on to an impressive communal living room. There is a single bedroom to the rear of the property, downstairs cloakroom and a fitted kitchen. The first floor allows for four well proportioned bedrooms and a separate bathroom suite. There is a low maintenance rear garden enclosed by a brick wall and parking is accessible on road. Previously achieving a comfortable £2000 PCM and offering any potential investor an 8% yield but with the correct attention and reconfiguration, it could also make a spacious town centre family home. Within close proximity of the University Of Essex, Colchester's town centre, Hythe & Town Station and an array of excellent amenities, we welcome internal inspections to appreciate all this property has to offer.

Ground Floor

Entrance Hall

Entrance door to front aspect, radiator, doors to:

Living Room

13' 0" x 12' 1" (3.96m x 3.68m) Window to front aspect, radiator

Kitchen

11' 4" x 9' 3" (3.45m x 2.82m) Variety of base and eye level units with worksurfaces over, inset sink, drainer and taps over, inset hob, electric fan assisted oven & grill and space for free standing appliances, window to rear aspect, door to rear aspect

Downstairs W.C

W.C, wall mounted was hand basin, heated towel rail

Bedroom 5

12' 11" x 8' 6" (3.94m x 2.59m) Window to rear aspect, radiator

Basement

Lower Ground Floor Lobby

7' 11" x 6' 11" (2.41m x 2.11m) Stairs to ground floor, sliding doors to:

Basement

14' 7" x 12' 5" (4.45m x 3.78m) Door to:

Storage

8' 5" x 4' 4" (2.57m x 1.32m)

First Floor

Landing

Window to side aspect, radiator, loft access, doors to:

Master Bedroom

12' 1" x 12' 1" (3.68m x 3.68m) Window to front aspect, radiator

Bedroom Two

11' 5" x 8' 6" (3.48m x 2.59m) Window to rear aspect, radiator

Bedroom Three

10' 4" x 9' 0" (3.15m x 2.74m) Window to rear and side aspect, radiator

Bedroom Four

10' 4" x 8' 7" (3.15m x 2.62m) Window to front aspect, radiator

Family Bathroom

Window to rear aspect, W.C, panel bath, wall mounted was hand basin, radiator, tiled walls

Outside

To the rear of the property and accessible via the kitchen door, is a private courtyard garden of a low maintenance design and enclosed by a brick wall. Parking is available on road and on the neighbouring roads.