2 bed Flat For Sale £160,000
Being Sold via Secure Sale online bidding. Terms & Conditions apply.
Starting Bid £160,000
This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.
Nestled in the vibrant heart of North-Central Colchester, this inviting ground floor maisonette on Rouse Way offers a unique blend of comfort and convenience, making it an ideal opportunity for cash investors. The property, which comes as a going concern with a tenant in situ, promises immediate returns on your investment. At the heart of this cosy home is a spacious open plan living area that beautifully integrates the kitchen with the living space, creating an ideal environment for modern living. Accompanying this are two comfortably sized double bedrooms, each designed with space and comfort in mind, featuring plush carpeting and ample natural light. The master bedroom enjoys the added convenience of direct access to a well-appointed Jack and Jill bathroom, enhancing both privacy and convenience.
Adding to the charm of this maisonette is a personal patio area at the rear, offering a tranquil space for relaxation and unwinding outdoors. The home is equipped with practical amenities such as double glazing, gas central heating, and an allocated parking space, ensuring comfort and ease for its occupants. With an EPC rating of C, energy efficiency is also a key feature of this property.
Located in a sought-after area, this property is just a stone's throw away from the city centre, providing easy access to a wide range of amenities, shopping, and vibrant lifestyle options. The proximity to Colchester North railway station, offering direct services to London Liverpool Street, and easy access to the A12 for London-bound travel, adds to the convenience of living here.
The interior of the maisonette is thoughtfully laid out, with the kitchen offering ample room for dining, equipped with essential appliances, good storage, and under-counter space for white goods. The living area, cosy and carpeted, features patio doors that lead to the rear, enhancing the indoor-outdoor flow. Both bedrooms are carpeted, with the first bedroom boasting full-height mirrored wardrobes and direct bathroom access, while the second bedroom overlooks the rear elevation. The bathroom is part-tiled and features a panelled bath, basin, WC, heated towel rail, and extractor fan, accessible from both the hallway and the first bedroom.
This property not only offers a comfortable and conveniently located home in Colchester but also represents a valuable investment opportunity, sold as a going concern with a tenant in place, offering immediate income potential in a prime location.
IMPORTANT INFORMATION:
107 years remaining on the lease
Service Charge - £73 per month
Ground Rent - £250 per annum
Rental income - £650pcm
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% including VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
EPC Rating: C
