St Andrews Avenue, Colchester

GUIDE PRICE £310,000 - £320,000

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.

EPC - C (73) - Potential B (87)

Council Tax Band - B

Recently refurbished.

Selling due to retirement.

Currently rented out and 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.

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.