1 bedroom apartment for sale
Key information
Property description & features
- One bedroom
- Investment opportunity
- Lease hold
- Open plan living
- Allocated parking
- Balcony
- Close city centre
- Walking distance to station
- Close to all local amenities
- Low epc and council tax rating
This contemporary one-bedroom apartment, featuring an inviting balcony, is perfectly situated within walking distance of Colchester's North train station with mainline links to London's Liverpool Street, Colchester's General Hospital, and Highwoods Country Park. There is also easy access to the A12, and Colchester's historic town centre, as well as local shops, and amenities making it a prime investment opportunity for the buy-to-let market.
Currently available with no ongoing chain, this second-floor property is poised to generate an attractive rental yield, with a potential income of £900 monthly (£10,800 yearly).
The complex assures convenience and security with amenities that include an intercom entry system, lift access, dedicated bicycle and refuse storage, and the benefit of an assigned parking space.
LOCATION Turner Road is situated in a residential area that is also home to the Colchester General Hospital and the Colchester Community Stadium (also known as JobServe Community Stadium), where the local football team, Colchester United FC, plays their home games.
ENTRANCE HALL
OPEN PLAN LIVING ROOM 16' 1" x 11' 11" (4.9m x 3.63m)
BALCONY
KITCHEN 8' 9" x 7' 3" (2.67m x 2.21m)
BEDROOM 11' 6" x 10' 9" (3.51m x 3.28m)
BATHROOM 7' 0" x 5' 7" (2.13m x 1.7m)
When considering the purchase of a leasehold property with a 125-year term starting from June 2014, it's important to take into account the various costs associated with the lease-which in this case includes a rising ground rent and service charges. Here's a breakdown of the information you provided:
Ground Rent: £364 per annum. Since it's a rising ground rent, this amount is likely to increase at specified intervals detailed in the lease agreement.
Service Charges: £2,067.96 per annum. These charges typically cover the cost of maintaining common areas, building insurance, and other services provided by the landlord or managing agent.
The incremental increases in ground rent as stipulated in the lease agreement, coupled with the outcomes of the EWS1 review, could potentially restrict the ability to obtain a mortgage or other financing for this property.
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Property reference 103646012504. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by John Alexander Estate Agents - Colchester.
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Broadband availability and predicted speed: obtained from Ofcom on December 16, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on December 21, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on August 9, 2024 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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