St Andrews Avenue, Colchester
- PROPERTY TYPE
Terraced
- BEDROOMS
5
- BATHROOMS
2
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- HMO RENTAL OPPORTUNITY
- FIVE LET ROOMS
- CURRENTLY LET
- NEAR UNIVERSITY
- NEAR SUPERMARKET
- BUS ROUTE TO HAND
- LEISURE CENTRE CLOSEBY
- EPC - C
Description
INVESTMENT OPPORTUNITY RECENTLY REFURBISHED - This three storey residence is currently rented as a HMO with full occupancy to all five rooms under professional let on single tenancies. Ground floor offers bedroom, shower room, wc. First floor two bedrooms and kitchen/diner. Third floor three further bedrooms and bathroom.
The property is most conveniently position for easy access to the Essex University and Tesco superstore with local bus service also to hand. Town centre with a vast array of shops, cafes, and bars is well only an approx mile away of which access can be via the leisure centre and Castle Park that offer great social and leisure activities. Two Train stations that connect into London's Liverpool Street.
We have been advised by the seller the current income is £2535 PCM until September 2025. The owner pays tenant utilities.
EPC - C (73) - Potential B (87)
Council Tax Band - B
Recently refurbished.
Selling due to retirement.
Currently rented out until September 2025 achieving £2535 pcm.
After all utility bills, broadband, tv licence, insurance, tenant deposits, fire alarm servicing etc, net income per month comes in at £2,100 pcm.
House is HMO licensed until November 2024. After Council inspection in March 2024, no issues were required for a new licence.
Turnkey investment producing income from day 1.
Recently refurbished. EPC = C
The new buyer will need to apply for a new HMO licence as the council does not transfer them.
This is approx £1000 for 5 years.
Alternatively, the house could be converted to a 4 bed and then would not need a licence.
Also, the downstairs bedroom could be made into an en-suite with the addition of an access door.
The property being let out to professionals has a higher rent return, but then council tax would be payable.
Updated combi boiler and shower.
Bedrooms all laminated flooring.
Off road parking for 2 cars, bike shed.
Integrated Fire Alarm system with linked fire/heat alarms in each room and hallways, exits.
Emergency lighting and Fire doors throughout.
Lounge 2.84m (9' 4") x 2.43m (8' 0")
Bedroom 2 3.84m (12' 7") x 2.30m (7' 7")
Bedroom 4 3.86m (12' 8") x 2.60m (8' 6")
Kitchen 4.70m (15' 5") x 3.70m (12' 2")
Bedroom 3 3.90m (12' 10") x 2.50m (8' 2")
Bedroom 5 2.10m (6' 11") x 3.10m (10' 2")
Bedroom 1 2.60m (8' 6") x 3.38m (11' 1")
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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St Andrews Avenue, Colchester
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hythe Station0.2 miles
- Colchester Town Station1.1 miles
- Colchester Station1.8 miles
About Stoneridge Estates, Brightlingsea
22d Victoria Place, Brightlingsea, CO7 0BX
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Visit our security centre to find out moreDisclaimer - Property reference SNR2000042. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Stoneridge Estates, Brightlingsea. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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