Waterside Lane

INVESTMENT OPPORTUNITY – 13 Waterside Lane, Colchester, CO2 8HW

Asking Price: £210,000 (water facing views)
Current Rental Income: £1,200 PCM (tenants renewed in November 2025 for another 12 months)
Estimated Market Rent: £1,400 PCM
Lease Remaining: 132 years

Service Charge (2025): £1,960.10
Ground Rent: £312 per annum

Modern Two-Bedroom Apartment with Strong Rental Yield Potential

An exceptional opportunity for investors to acquire a modern, low-maintenance two-bedroom, two-bathroom apartment located within a sought-after development in Colchester. Recently decorated and well-presented throughout, the property offers immediate income potential with a tenant already in place, alongside excellent prospects for rental growth. The apartment is situated on the more desirable side of the building, with water views instead of overlooking the carpark.

Key Investment Highlights

• Attractive Gross Yield: Currently achieving 6.85% at £1,200 PCM, with potential to rise to 8% at £1,400 PCM based on recent comparable rentals in the building – comparable rental properties >> CLICK HERE
• Turnkey Investment: Recently decorated and well-maintained – no refurbishment required.
• Strong Tenant Demand: Situated in a popular and accessible location, ideal for professional tenants.
• Low Ongoing Costs: Competitive service charge and long lease term (132 years remaining).
• Off-Street Parking: Allocated parking space included, adding rental appeal and convenience.

Property Overview

This charming apartment combines modern design with practical living. Situated on the second floor, it features spacious interiors, a contemporary kitchen, and a private balcony – perfect for tenants seeking comfort and convenience.

Accommodation Details:

• Entrance Hallway: Entry door with access to all rooms.
• Open-Plan Lounge/Kitchen/Diner
  Bright and airy space with double-glazed windows, fitted wall and base units, oven, hob, extractor fan, sink with mixer tap, ample worktops, and space for appliances. Radiator included.
• Master Bedroom
  Double bedroom with wardrobe, radiator, and doors leading onto the balcony.
• En Suite
  Recently fitted with low-level WC, wash hand basin, and shower cubicle.
• Bedroom Two
  Double-glazed window, wardrobe, and radiator.
• Bathroom:
  Modern suite with low-level WC, wash hand basin, and bath with shower over.
• Parking:
  Allocated off-road parking space for one vehicle.

Location Highlights

Located in a well-connected area of Colchester, Waterside Lane provides easy access to:

• Colchester Town Centre and Colchester Station, offering direct links to London Liverpool Street.
• Local shops, supermarkets, and leisure facilities.
• Reputable schools and universities, enhancing rental demand.
• Major road networks (A12, A120), connecting to Chelmsford and Ipswich.

This mix of convenience and community makes it a highly desirable location for long-term renters and young professionals.

Financial Summary

Why Invest Here?

• High tenant demand in Colchester’s growing rental market
• Excellent yield potential with low overheads
• Long lease and recently modernised interiors
• Strong location fundamentals ensuring sustainable rental returns

Let Pure Lettings Take The Strain…..

We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we offer a fully managed service for landlords looking to minimise costs and maximise efficiency across their portfolio.

✅ Fully managed lettings and property management service

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If you would like to find out more about our lettings and property management service, or would like to find out how much we can save you each month, why not contact our team today on Tel: 0161 337 3890 to find out more

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