Initial price	£175,000
12/05/24	£160,000
Price Change	-8.57%

A two-bedroom apartment is available for investment in the popular Ballantyne Drive development in Hythe Quay. The apartment is currently let to tenants until September 2024 at a monthly rent of £1,250, providing a potential income of £15,000 per year. The property is located near the University of Essex and Colchester Hythe Railway Station, offering easy access to London Liverpool Street. The apartment features an entrance hall, open-plan living area, two bedrooms with an ensuite and a bathroom. The EPC rating is BCouncil Tax band is C, and the ground rent is £250 per year. There are 144 years remaining on the lease.