3 bed maisonette for sale

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My first buy-to-let that I have owned since 2012 and has been occupied constantly since by students from the nearby Essex University. The students have ranged from undergraduate friends through PhDs and Masters with their families, from home and abroad. I have a well-established relationship with the Students' Union, whose in-house agency finds me the tenants.

The maisonette has a secure porch, hall way and storeroom on the ground floor. Then stairs that lead up to a landing, comfortable lounge, fully-fitted kitchen, an inner hall, three bedrooms, all doubles, and separate bathroom and toilet. It's a great home that tenants feel safe in and often stay for two years.

It has its own garden and there is on-street parking out front and a car park behind. Buses stop frequently in Hamlet Drive so it is very convenient to get to the university and town centre.

With a low service charge and peppercorn ground rent (the freeholder is Colchester City Council) this rental property is highly profitable.

The Students' Union in-house agent finds new tenants for lower fees than commercial agents, and I manage the property myself so all the £1320 comes to me. I'm only selling because I am of retirement age and would like to have the equity to enjoy.