2 bedroom detached bungalow for sale

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2 bedroom detached bungalow for sale

Colne Way, Point Clear Bay, Essex
£85,000

Price History

Initial price £110,000
02/05/24 £100,000
29/11/24 £90,000
20/02/25 £85,000
Price Change -22.73%

Description

This two-bedroom detached bungalow in Point Clear Bay is being sold with a sitting tenant paying £623 per month, generating a 7.48% yield on the asking price. The property is located approximately six miles from Clacton-on-Sea's town centre, seafront, and mainline railway station. The accommodation features a lounge with double-glazed window to the front, a kitchen with fitted suite and space for appliances, two bedrooms with radiators, and a shower room with three-piece suite. The property also benefits from a patio paved area to the front and a patio and lawn to the rear, with side pedestrian access to both. The vendor believes the property is under "Holiday Home Status", with the current tenant residing there all year round. An internal inspection is highly recommended to appreciate the accommodation on offer.