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3 bed flat for sale
£160,000Mimosa Court, Acacia Avenue, Colchester, Essex, CO4 3JU
Bedrooms3TypeFlatRent pcm1350FurnishedFurnished
TenureLeaseholdGround rent10Service charge750
Tenanted/VacantTenantedAST details No
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I have owned this flat since 2013 since when it has been continuously let, mainly to students from the nearby University of Essex.
It is currently managed to a company that guarantees to pay £1350 a month and manages tenancies and maintenance. I have very little to do. It is the perfect scenario for a landlord. I am only selling because I am approaching 70 and want to use the money for other things.
Contact the Landlord / Seller about this property
Gross yield calculator
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£
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10.13%
Stamp duty calculator
£
5% Up to to £125,0006,250
7% £125,001 to £250,0002,450
10% £250,001 to £925,0000
15% £925,001 to 1.5 million0
17% Over £1.5 million0
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£8,700