Initial price	£165,000
09/11/24	£155,000
Price Change	-6.06%

This is an investment opportunity for a well-presented two-bedroom third-floor apartment located in a convenient area near the University of Essex, Hythe Railway Station, and Tesco Superstore. The property has been recently redecorated and is currently let on an Assured Shorthold Tenancy, generating an approximate gross yield of 8% per annum. The apartment features a lift and stair flight access, an open-plan living room/kitchen with balcony, two double bedrooms, and two bathrooms. The property is leasehold with a 155-year lease from 2005, and the ground rent and service charge are £250 and £2,110 per annum, respectively. The apartment is a short distance from the city centre, offering a range of shopping, dining, and entertainment options.