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A freehold end terrace house currently let and achieving a rental income of £950 per calendar month (£11,400 per annum). A yield of around 7% of the guide price
A freehold two bedroom end terrace house located close to Essex University and Colchester Hythe Station. The property is currently let and achieving a rental income of £950 per calendar month and it is considered that if it did become vacant, with some minor cosmetic improvements it could demand a higher rental income.
Tenure
Freehold
Ground Floor
Lounge - 12'8" x 9'2" Kitchen - 9'5" x 6'9" Lobby Bathroom - 5'9" x 5'4"First Floor: Bedroom One - 9'5" x 9'5" Bedroom Two - 10'5" x 6'9"
Council Tax Band
A
Energy Efficiency Rating (EPC)
Current Rating C
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Colchester Borough Council
Solicitors
Fairhurst Menuhin & Co (Sudbury), Ref: Sarah-Jane Money, Tel: 01787 827583
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - £1200 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.