£130,000
1 bed flat for saleCaelum Drive, Colchester CO2
1 bed
1 bath
1 reception
EPC Rating: C
Chain free
Leasehold
About this property
One Bedroom
One Bathroom
Walking distance to the University
Close to local amenities
Investment opportunity
Chain Free
£975 rental income per month
9% Yield at current asking price
**investment opportunity sold prior to marketing**
This one-bedroom apartment on Caelum Drive is an ideal choice for investors looking to capitalize on its proximity to the University. The property promises a rental income of £975 per month, translating to a 9% yield at the current asking price. Its central location ensures easy access to local amenities, making it appealing to tenants seeking convenience.
This chain-free, leasehold apartment presents a straightforward acquisition for buyers looking to expand or start their property portfolio. The property's configuration includes a single bedroom and bathroom, perfectly suited for students or professionals who value ease of access to educational institutions and workplaces. Its affordable price point makes it an attractive option for those seeking entry into the property market.
Surrounded by essential services and public transport options, this apartment's location enhances its investment potential. Prospective buyers will appreciate the short distance to the University and various local shops and services. Act quickly to secure this high-yielding investment opportunity in a sought-after area
This one-bedroom apartment on Caelum Drive is an ideal choice for investors looking to capitalize on its proximity to the University. The property promises a rental income of £975 per month, translating to a 9% yield at the current asking price. Its central location ensures easy access to local amenities, making it appealing to tenants seeking convenience.
This chain-free, leasehold apartment presents a straightforward acquisition for buyers looking to expand or start their property portfolio. The property's configuration includes a single bedroom and bathroom, perfectly suited for students or professionals who value ease of access to educational institutions and workplaces. Its affordable price point makes it an attractive option for those seeking entry into the property market.
Surrounded by essential services and public transport options, this apartment's location enhances its investment potential. Prospective buyers will appreciate the short distance to the University and various local shops and services. Act quickly to secure this high-yielding investment opportunity in a sought-after area
Mortgage calculator
Monthly repayment
£650 per month
Whole of market comparison
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
More information
Tenure
Leasehold (106 years)
Service charge
£1,550 per year
Council tax band
B
Ground rent
£250
Ground rent date of next review



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