2 bedroom terraced house for sale

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2 bedroom terraced house for sale

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.