House For Sale £360,000
Yieldit are pleased to present to the market this excellent high end HMO which is tenanted until 2026 generating an impressive 7.04% net yield! The mid-terrace property is fully furnished and compromises of six good sized bedrooms with large windows providing a light and airy feel; three bathrooms; a communal reception room and kitchen diner. To the front of the property is a driveway providing ample parking and to the rear is a back yard.
Located in Essex, Colchester sits in the East of England 50 miles northeast of London. The popular commuter town is connected with the capital by the A12 road and frequent services from Colchester Railway station and is conveniently just 30 miles from London Stanstead Airport. The average property price in Colchester stood at £302,399 over the last year which is a 5% increase on the year prior and a 10% increase on the 2018 peak (Rightmove) which means now is a great time to invest in property there.
Colchester is undergoing extensive projects of regeneration which will only add to it’s attraction as a place to live and work. The multimillion-pound projects include plans to revitalise the town centre, improve infrastructure and create roads, improve walking and cycling links around the centre and bring new trains and homes to the county. The town is already the largest employment centre in North Essex meaning there will certainly always be demand for this kind of property on the rental market. Don’t miss out and enquire today to find out more.
Financial Breakdown
Gross rent: £26,400
Net income: £26,400
Gross yield: 7.33%
Net yield: 7.33%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-05880
Located in Essex, Colchester sits in the East of England 50 miles northeast of London. The popular commuter town is connected with the capital by the A12 road and frequent services from Colchester Railway station and is conveniently just 30 miles from London Stanstead Airport. The average property price in Colchester stood at £302,399 over the last year which is a 5% increase on the year prior and a 10% increase on the 2018 peak (Rightmove) which means now is a great time to invest in property there.
Colchester is undergoing extensive projects of regeneration which will only add to it’s attraction as a place to live and work. The multimillion-pound projects include plans to revitalise the town centre, improve infrastructure and create roads, improve walking and cycling links around the centre and bring new trains and homes to the county. The town is already the largest employment centre in North Essex meaning there will certainly always be demand for this kind of property on the rental market. Don’t miss out and enquire today to find out more.
Financial Breakdown
Gross rent: £26,400
Net income: £26,400
Gross yield: 7.33%
Net yield: 7.33%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-05880
