1, 2 & 3 Wood Lane, Fordham Heath, Colchester, Essex, CO3 9TP

FOR SALE BY PUBLIC AUCTION ON WEDNESDAY 9TH OCTOBER AT 12PM NOON. LIVE STREAMED VIA DEDMAN GRAY WEBSITE. BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE.

BUY TO LET INVESTMENT: THREE FREEHOLD HOUSES IN POPULAR VILLAGE LOCATION ALL WITH TENANTS IN SITU ON ASSURED SHORTHOLD AGREEMENTS

Along with our auction partners, Whirledge and Nott, we are pleased to offer this terrace of three freehold properties all let on ASTs in Fordham Heath which lies within the village of Eight Ash Green, approximately 4.3 miles to the West of Colchester Town Centre, 1.7 miles from tollgate and 1.5 miles from the A12, Eight Ash Green has excellent public transport services to Colchester and is 3 miles from Marks Tey train station which has direct links to London Liverpool Street. Locally, the property is a short walk to the village Heath with various amenities and good local schools.
1 Wood Lane, Fordham Heath.

3-bedroom end of terrace with two off-street parking spaces-Approximately 807 Square feet (75 square meters) including:
Entrance hall, Lounge -12 x 10'3", Kitchen-12 x 10'10", Bathroom, First floor landing, Bedroom One 12' x 9'9", Bedroom Two-12'4" x 7'6". Bedroom Three- 8'9" x 7'8"

2 Wood Lane, Fordham Heath-

2-bedroom mid-terrace with two off-street parking spaces-Approximately 614 Square feet (57 square meters) including:
Entrance hall, Lounge-12' x 10'9", Inner Lobby, Kitchen- 12' x 9'10" Bathroom, First floor landing, Bedroom One-11'9" x 9'10", Bedroom Two- 12' x 9'10

3 Wood Lane, Fordham Heath-

3-bedroom end of terrace with two off-street parking spaces- Approximately 710 Square feet (66 square meters) including:
Entrance hall, Lounge-12 x 10'3", Kitchen 12' x 10'10", Bathroom, First floor landing, Bedroom One-12' x 9'9" Bedroom Two-12'4 x 7'6", Bedroom Three- 8'9" x 7'8"

The properties also benefit from rear gardens and allocated parking within a block paved sweep in/out driveway surrounded by picket fencing. There is an outbuilding to the rear of the houses which each property has its own independent section of.
We have been advised by the seller that due to the relationship between the parties the rents were not increased to the maximum level at the last rent review in April 2024. .

The property is producing the below rental income

1 Wood Lane-
£925 per month (£11,100 per annum)

2 Wood Lane-
£800 per month (£9600 per annum)

3 Wood Lane-
£1050 per month (£12,600 per annum)

Total- £2775 per month (£33,300 per annum)

All 3 properties are let on assured shorthold agreements. For more information on the full tenancy terms, please refer to the legal pack.
The properties are positioned on the corner of Wood lane and Heath Road, which leads to the heart of the village of Eight Ash Green. The total plot extends to approximately 0.3 acres and includes a block paved driveway providing off road parking and gardens as well as an outbuilding to the rear of the houses which each property has its own independent section of.

It is considered that the properties would be popular among future renters and homebuyers due to the sought after village location.
1 Wood Lane - Band E
2 Wood Lane - Band E
3 Wood Lane - Band D