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2 bed apartment for sale

£155,000

Fuchsia Court, Hickory Avenue, Colchester, Essex, CO4 3PH

Bedrooms2TypeApartmentRent pcm1250FurnishedFurnished
TenureLeaseholdGround rent10Service charge750
Tenanted/VacantTenantedAST detailsuntil2028-01-04
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Lovely refurbished apartment, on the top floor of a block of 18 mixed ownership and rented flats in Colchester. It has a large lounge with a balcony facing south-west. There are two large bedrooms, a fully fitted kitchen with a breakfast bar, and separate bathroom and toilet. The bathroom includes an electric shower and heated towel rail.

There is over 100 years left on the lease. The apartment is currently managed by a guaranteed rent company who pay the leaseholder £1250 a month and place short-term guests in the apartment. This is the third year of a three-year let to the agent who would like to renew.

As a professional landlord, I have owned many buy-to-let properties for many years and this has involved me in the least management. It's a brilliant arrangement with every rent paid on time. However, I now want to sell and put the equity towards my retirement.


Contact the Landlord / Seller about this property



Gross yield calculator

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9.68%

Stamp duty calculator

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 5%  Up to to £125,0006,250  7%  £125,001 to £250,0002,100 10%  £250,001 to £925,0000 15%  £925,001 to 1.5 million0 17%  Over £1.5 million0
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£8,350

Nearest stations

Hythe (Essex) 0.5 milesColchester Town 1.2 milesColchester 1.8 milesWivenhoe 2.7 milesAlresford (Essex) 3.8 milesDistances are straight line measurements