This studio apartment presents a noteworthy opportunity for cash buyers interested in a renovation project. Located in the desirable Highwoods area of North Colchester, this property is in need of comprehensive modernization, offering a versatile space that can be tailored to meet the needs of a future homeowner or turned into an appealing rental unit.
With 61 years remaining on the lease, this apartment is exclusively available for cash purchasers. Once refurbished, it holds significant potential for generating strong rental yields due to its prime location, which is conveniently close to essential local amenities, shopping options, and transport links providing easy access to Colchester town center and surrounding areas.
The property comes with no onward chain, facilitating a speedy transaction process. Immediate viewings are possible so that interested buyers can explore the full extent of its potential.
The layout includes an entrance hallway that leads into various living spaces. The bathroom features essential amenities like a low-level WC, wash hand basin, and a bath with an overhead shower. The generous lounge/bedroom area benefits from two double-glazed windows and ample storage space. The kitchen comprises basic wall and base units along with necessary appliances, creating the foundation for any future upgrades.
An allocated parking space adds convenience to this property. Overall, this studio apartment represents an investment opportunity that could enhance your property portfolio while allowing you to craft a unique living space in a sought-after area.
