1 bedroom apartment

Marine House, Quayside Drive Colchester CO2 8FX

Size: 35 sqm

Purchase price

£130,000

Size: 35 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £10,740
Ground rent £200
Service charge £1,200
Net income £9,340
Gross yield 8.26%
Net yield 7.18%

yieldit are pleased to present an ideal investment purchase, offered with tenant in situ this fantastic low-maintenance property can generate you an impressive return above 7% NET right from completion. Ideally located in a well-maintained and ever popular development, Marine House provides stylish accommodation within walking distance of a range of amenities, the University of Essex and Hythe Station which ensures a consistent rental demand and ever increasing returns.

Arguably one of the most desirable units within the development, this first-floor apartment boasts a river view, private balcony and is one of the very few units to come with its own garage which can be used for secure parking and additional storage space. Internally consisting of entrance hallway; spacious open plan living area with floor to ceiling glass doors providing access to the balcony; modern fully fitted kitchen; double bedroom; bathroom with three-piece suite and shower over bath.

Colchester is in an enviable position just 50 miles from London. The popular commuter town is connected with the capital by the A12 road, frequent rail services, and is conveniently just 30 miles from London Stanstead Airport. The historic town was named one of the top places to live in the UK in 2021 due to its beautiful coastline, countryside and culture offering. Property prices have increased by 11% since 2020 which means this location is an excellent candidate for buy-to-let investment where rental demand and returns are high in addition to offering exciting potential for capital growth. Don’t miss out and enquire today to find out more.

EXCITING INVESTMENT OPPORTUNITY YIELDING ABOVE 7% NET! Fabulous one bedroom apartment WITH GARAGE and balcony in this ever popular development.

Interested in this property? Enquire today for more information

Key features

Key features

EWS1 form in place

Key features

One of the best units within the development

Key features

PRIVATE GARAGE

Key features

Ideally positioned

Key features

Stylish one bedroom apartment

Key features

Balcony

Key features

First floor

Key features

Secure communal entrance

Key features

Close to the University and train station

Key features

Don't miss out and enquire today

EXCITING INVESTMENT OPPORTUNITY YIELDING ABOVE 7% NET! Fabulous one bedroom apartment WITH GARAGE and balcony in this ever popular development. More info...

yieldit are pleased to present an ideal investment purchase, offered with tenant in situ this fantastic low-maintenance property can generate you an impressive return above 7% NET right from completion. Ideally located in a well-maintained and ever popular development, Marine House provides stylish accommodation within walking distance of a range of amenities, the University of Essex and Hythe Station which ensures a consistent rental demand and ever increasing returns.

Arguably one of the most desirable units within the development, this first-floor apartment boasts a river view, private balcony and is one of the very few units to come with its own garage which can be used for secure parking and additional storage space. Internally consisting of entrance hallway; spacious open plan living area with floor to ceiling glass doors providing access to the balcony; modern fully fitted kitchen; double bedroom; bathroom with three-piece suite and shower over bath.

Colchester is in an enviable position just 50 miles from London. The popular commuter town is connected with the capital by the A12 road, frequent rail services, and is conveniently just 30 miles from London Stanstead Airport. The historic town was named one of the top places to live in the UK in 2021 due to its beautiful coastline, countryside and culture offering. Property prices have increased by 11% since 2020 which means this location is an excellent candidate for buy-to-let investment where rental demand and returns are high in addition to offering exciting potential for capital growth. Don’t miss out and enquire today to find out more.

  • Key features
    Tick Desktop EWS1 form in place
    Tick Desktop One of the best units within the development
    Tick Desktop PRIVATE GARAGE
    Tick Desktop Ideally positioned
    Tick Desktop Stylish one bedroom apartment
    Tick Desktop Balcony
    Tick Desktop First floor
    Tick Desktop Secure communal entrance
    Tick Desktop Close to the University and train station
    Tick Desktop Don't miss out and enquire today
  • LocationLocation
  • EPCEPC

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £10,740
Ground rent £200
Service charge £1,200
Net income £9,340
Gross yield 8.26%
Net yield 7.18%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.