Tynedale Square, Highwoods, Colchester, CO4

A leasehold ground floor apartment is available for auction, featuring one bedroom and situated within a purpose-built block in the Highwoods area of Colchester. The accommodation includes an entrance hall, a spacious lounge/diner, a separate kitchen, a generously sized bedroom, and a bathroom. The property benefits from communal grounds and allocated parking. Currently, the apartment is occupied by tenants, generating an income of £675 per calendar month, which totals approximately £8,100 per annum. Local rental comparables suggest a potential market rent of £800–£900 per calendar month, indicating the possibility of increasing the annual income to between approximately £9,600 and £10,800. The property is conveniently located near various local amenities, shops, and supermarkets, with good transport links including access to the A12. It falls within Council Tax Band A and has an EPC rating of C. Broadband coverage is available, including standard, superfast, and ultrafast options, with mobile coverage reported across major providers. The lease has approximately 953 years remaining, and details regarding ground rent and service charge will be confirmed within the legal pack.