Available
house
1 bed Ground Floor Flat For Auction
Property Description
TO BE SOLD BY ONLINE AUCTION ON 13TH–14TH MAY 2026, UNLESS SOLD PRIOR UNDER AUCTION TERMS
3, Roger Browning House, Maidenburgh Street, Colchester, Essex, CO1 1TT
An attractive investment opportunity to acquire a one-bedroom ground floor apartment ideally positioned in the heart of Colchester town centre, directly adjacent to the popular Castle Park.
The property is being sold with a tenant in situ and, as advised, is currently generating a rental income of £750 per calendar month, equating to approximately £9,000 per annum (AST not seen to confirm), offering an immediate return for investors.
Based on a guide price of £100,000, this would represent a gross yield of approximately 9%.
The accommodation comprises an entrance hall, a well-proportioned lounge/dining room, a fitted kitchen with adjoining utility area, a double bedroom benefitting from a large built-in wardrobe, and a bathroom. Externally, the property enjoys access to communal gardens, a large drying area, and a communal parking area.
The property is situated in a highly convenient and desirable central location, within immediate reach of a wide range of shops, restaurants, amenities and transport links, making it an appealing proposition for both tenants and investors alike.
The property falls within Council Tax Band A and has an EPC rating of D.
Tenure is leasehold with approximately 95 years remaining on the lease. Details of ground rent and service charge will be confirmed within the legal pack.
3, Roger Browning House, Maidenburgh Street, Colchester, Essex, CO1 1TT
An attractive investment opportunity to acquire a one-bedroom ground floor apartment ideally positioned in the heart of Colchester town centre, directly adjacent to the popular Castle Park.
The property is being sold with a tenant in situ and, as advised, is currently generating a rental income of £750 per calendar month, equating to approximately £9,000 per annum (AST not seen to confirm), offering an immediate return for investors.
Based on a guide price of £100,000, this would represent a gross yield of approximately 9%.
The accommodation comprises an entrance hall, a well-proportioned lounge/dining room, a fitted kitchen with adjoining utility area, a double bedroom benefitting from a large built-in wardrobe, and a bathroom. Externally, the property enjoys access to communal gardens, a large drying area, and a communal parking area.
The property is situated in a highly convenient and desirable central location, within immediate reach of a wide range of shops, restaurants, amenities and transport links, making it an appealing proposition for both tenants and investors alike.
The property falls within Council Tax Band A and has an EPC rating of D.
Tenure is leasehold with approximately 95 years remaining on the lease. Details of ground rent and service charge will be confirmed within the legal pack.
Available
Lot 1
£100,000
Guide price — final price set at auction
