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2 bedroom terraced house for sale
New Park Street, Colchester CO1
£241,000
New Park Street, Colchester CO1
£241,000
Price History
Initial price | £260,000 |
19/09/24 | £255,000 |
30/09/24 | £250,000 |
07/10/24 | £245,000 |
11/10/24 | £241,000 |
17/10/24 | £237,000 |
26/10/24 | £260,000 |
31/10/24 | £255,000 |
07/11/24 | £250,000 |
14/11/24 | £245,000 |
20/11/24 | £241,000 |
Price Change | -7.31% |
Description
This 2-bedroom mid-terrace property in Colchester is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-maintained and features spacious bedrooms, parking spaces, garden ground space, a three-piece bathroom, lounge, and kitchen. Currently, it produces an annual gross income of £12,600, which could be increased to a market rate of £18,000 with long-term tenants already situated. The tenants have been paying rent consistently for several years and have no intention of moving out, making for a smooth transition. With a purchase price that will generate a worthwhile return, this property is an attractive addition to any investor's portfolio.