King George Road

## Please note this property is being sold with the current tenant in situ ##

Pure Investor brings to the market this three-bedroom, semi-detached property for sale in Essex, CO2. The property comprises a front living room with a bay window, rear kitchen/dining space, downstairs W/C, utility room, pantry and conservatory extension to the rear. Upstairs are three good-sized bedrooms and a family bathroom. Outside the property is a front garden area with a driveway and shed, and to the rear is a large lawned garden.

The property currently has a tenant in situ who has indicated they would like to continue renting the property which is why we would be looking to sell the property to an investor/landlord.

Key Investment Information

• Three-bedroom semi-detached property.

• Asking price: £290,000. Please see the report highlighting recent sales in the area https://www.rightmove.co.uk/best-price-guide-report/9ad4cf58-79b6-4448-a2a7-9bb54f67387e

• Being sold with tenants in situ who are paying £1,200pcm (£14,400 per annum) currently.

• Potential rental income of £1,400pcm (£16,800 per annum). Please see the report highlighting recent rentals within a quarter-mile radius https://www.rightmove.co.uk/best-price-guide-report/9ad4cf58-79b6-4448-a2a7-9bb54f67387e

• The current market rate for similar properties within the area is around £1,350pcm (£16,200 per annum).

• EPC: TBC (new one being done on the 06/03/2025

• Gross yield of 5.0%

• Potential gross yield of 5.8%

• Tenure: Freehold

• No rental arrears with the current tenants with all payments up to date

King George Road - Key Points

Location

Colchester, United Kingdom