0 bed Flat / Apartment For Sale

De Gray Road, Colchester

£90,000

Property Description

Located to the North East of Colchester, close to the A12 you will find this first-floor studio apartment with in my opinion a good sitting tenant currently paying £575pcm and ground rent at £200 per annum and services charges at £80 per month a (Current figure, subject to possible changes)

The studio apartment is accessed via a secure buzzer entry and through communal hallways via stairs or the lift. The main entrance to the studio has a (7’1”x3’1”) hallway with storage cupboard and access to the fully tiled (7’1” max x5’1”) three-piece shower room.

As expected, the(15’1”x22’7”) studio has an open plan feel to it with dual aspect views and will accommodate enough room for a sofa, double bed and has a double width built in wardrobe. The modern fitted kitchen has a range of white eye and base level units with a white tile finish, an electric hob and oven with extractor hood over, laminate style worksurfaces, single sink drainer and integrated washing machine. There is one allocated parking space within the development and a Premier shop (mini market) on the development.

The property is (3.9 miles) I close to The Community Stadium where Colchester United play, David Lloyd Gym, Colchester University Hospital and a well-served retail park at Turner Rise has an Asda supermarket, well-known takeaways restaurants and home furnishing stores.

Colchester's town centre offers an array of well-known high street brands, boutique shops, well-known fast-food restaurants, public houses, and a supermarket, museums and beautiful walks around Colchester Castle park and its famous Norman keep.

Transport links are excellent with the A134 (Via Urbis Romane) offering routes around the town and linking the A12 (1.0 mile) taking you to Chelmsford, London and Ipswich. London Stanstead Airport (37.8 miles) and train links from Colchester North Station (4 miles) with train links on an hourly basis to London Liverpool Street and Ipswich.

In the opinion of Aaron, the local realtor for Keller Williams, ‘This is ideal for an investor, there is a strong rental demand in this area and should offer an 8% return if let for £600pcm and purchased at £90,000 before deductions. I would strongly recommend a cash purchaser on this property due to the nature of the *cladding* on the block.

*Waiting on conformation of upgraded/replacement cladding to comply with the EWS1 Government guidelines*

Please use #PAP210005 when booking your viewing.

To discuss this property please contact Aaron Pooley on:

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