This 2 bedroom apartment has come to market with Gallant Richardson situated on Maldon Road in the Town centre of Colchester. An easy walk into the town centre it is also a reasonable commute to the Mainline train station.
The property is currently let at £550pcm, this achieves a return of 5.28% as the property is on the market for £125,000. However the property would easily achieve £625pcm and the rent could be increased when the current tenancy is up in April 2016. At £625pcm this would mean a return of 6%.
For more information please follow the link below.
http://www.rightmove.co.uk/property-for-sale/property-38035443.html
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