1 bedroom Flat For Sale

Situated in the heart of Colchester on the ever-convenient Magdalen Street, this one-bedroom flat offers an excellent opportunity for buyers seeking a property with scope to add value and personalise to their own tastes. Benefiting from its own private entrance, the property enjoys a prime town-centre position just 0.4 miles from Colchester Town Station, with a wide range of shops, restaurants, and transport links, including Colchester Bus Station, all within easy reach.

The accommodation comprises a generous living area, a well-proportioned bedroom, a fitted kitchen with oven and hob, and a bathroom featuring a shower over the bath. While the property would benefit from modernisation throughout, it presents a fantastic blank canvas for first-time buyers, investors, or those looking to create a home tailored to their individual style and requirements. Please note that the owner advises there may be some rising damp affecting the kitchen wall. The wall has been left in its current condition to allow prospective purchasers full visibility of the issue.

The property is offered with a lease expiring in June 2088 and benefits from a low annual ground rent of £50, with no service or maintenance charges payable. EPC rating: D. Council tax band: A, Domestic rates: £1493.96, Tenure: Leasehold, Annual ground rent: £50, Length of lease (remaining): 62 years 0 months,