100% Free Listings and Auctions

3 bed flat for sale

£162,500

Woodcock Close, Colchester, Essex, CO4 3YU

Bedrooms3TypeFlatRent pcm1300FurnishedFurnished
TenureLeaseholdGround rent10Service charge750
Tenanted/VacantTenantedAST details12 Monthsuntil
Enlarge map

This flat is one of the closest to Essex University so highly sought-after by students and has been constantly let since I bought it in 2014. It has three double bedrooms, a comfortable lounge-diner, fully-fitted kitchen, and separate bathroom and toilet.

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 at much lower cost than commercial agents.
It's a great home that tenants feel safe in and often stay for longer than the normal single academic year.

The current family have been tenants for three years and show no sign of wanting to leave. The rent could probably be put up to £1350.

The flat has its own garden and outside storeroom. There is parking out front and garages for rent. I'm only selling because I am of retirement age and would like to have the equity to enjoy.


Contact the Landlord / Seller about this property



Gross yield calculator

£
£
=
9.6%

Stamp duty calculator

£
 5%  Up to to £125,0006,250  7%  £125,001 to £250,0002,625 10%  £250,001 to £925,0000 15%  £925,001 to 1.5 million0 17%  Over £1.5 million0
=
£8,875

Nearest stations

Hythe (Essex) 0.4 milesColchester Town 1.4 milesWivenhoe 2.1 milesColchester 2.2 milesAlresford (Essex) 3.3 milesDistances are straight line measurements