This two-bedroom apartment, situated in the historic centre of Colchester, is a unique opportunity for investors looking to enter the buy-to-let market. Housed within a charming former Regency residence, the property retains some period features that add to its character. It offers two spacious double bedrooms, including one with an en-suite shower, a kitchen, a breakfast room, and a generous lounge area perfect for relaxation or entertaining. Residents benefit from a communal outdoor seating and BBQ area, alongside allocated parking. While the apartment would require minor cosmetic updates to reach its full potential, it is poised to attract both buyers and renters alike. With competitive rental potential estimated at around £1,300 per month—yielding over 11.5% based on the guide price—this property promises solid returns for savvy investors. It’s worth noting that similar units in this building have fetched between £200,000 and £322,000 since 2019, suggesting that this offering is below current market value.
