5 bed terraced house for sale

Riverside Place, Colchester CO1

** investment opportunity – approximately 9% gross yield **

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