About this property
Key Features
Freehold with vacant possession
Good town centre location
Ideal renovation/investment opportunity
1 bedroom ground floor flat in need of refurbishment
Description
The property comprises a ground floor 1 bedroom flat that forms part of a converted house. The property is of brick construction with pebble-dash rendered walls, under a pitched slate roof, and is very well located close to the centre of Colchester. The property was subdivided into 2 flats some years ago.
The entrance, which faces D'Arcy Road, gives access to the following accommodation:
Bedroom; Sitting Room ; Kitchen with a range of MDF base units and under-stairs cupboard; Shower Room with white suite and shower cubicle.
EPC Rating -E
Outside: To the side of the property is a communal bin store area, and 3 off road parking spaces, for which 225B has 1 space. To the rear is a private garden allocated to 225B which is entirely laid to lawn and surrounded by timber panel fences. The garden offers valuable outside space and might also offer an opportunity for extension STP.
The accommodation requires some refurbishment, including floor coverings, Kitchen and Bathroom fittings, and general re-decoration. The property therefore offers a wonderful opportunity for owner/ occupiers and investor buyers alike to add value.
Tenure
Freehold with vacant possession
Location
Old Heath Road is a predominately residential street interspersed with various shops, cafés and facilities, and lies less than 1 mile south of the main retail High Street in Colchester, and a similar distance from the railway stations. The property can be found on the junction between Old Heath Road and D'Arcy Road.
Auctioneers Note
The property is sold on a Freehold basis with vacant possession of 225B. The Freehold also comes with the benefit of collecting the ground rent from 225A Old Heath Road. See Legal Pack for further information.
Lot Type
Residential
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Gardener Leader Solicitors, Winbolt House, The Broadway, Thatcham, RG19 3HX Tel: 01635 293634 Ref: PS
Viewing
Cheffins Property Auction Dept 01223 213777
Important notes
*Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set up to or within the Guide Range or no more than 10% above a single figure Guide. The reserve price will remain confidential between the seller and the auctioneer.
Fees: The guide price excludes any additional fees that the purchaser may incur, to include, but not limited to, Buyers Contract fee, Stamp Duty Land Tax, VAT, legal and search fees etc. Please refer to relevant Auction Legal Packs for details.�