Semi-detached house for sale in Cherwell Drive, Chelmsford CM1
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Property features
- Chelmsford
- House of multiple occupancy
- All rooms tenanted
- Six rented rooms
- One ensuite bedroom
- Two other bathrooms
- Simple conversion back to residential
- 8.9% gross yield at current rents
- Ready made investment
- Chain free
Property description
Six bedroom, fully occupied HMO for sale in Chelmsford with one en-suite room, two bathrooms and with a current annual rent roll of £39,900.
The rental amounts are as follows:
Room 1 - £600 pcm
Room 2 – £525 pcm
Room 3 – 650 pcm
Room 4 – £550 pcm
Room 5 – £550 pcm
Room 6 - £450 pcm
Rental Total £3,325 per month
3,325 x 12 = £39,900 per annum
The property is under full management by us and we can continue to provide this service giving you a hands off investment. We have zero voids at this property and it is always full. We believe rents could be increased with some redecoration to the property as it is over 5 years now since its last refurbishment.
Agents note
simple conversion back to residential:
Although this property is currently running as a fully licensed 6 bed HMO, it could be easily converted back to a standard 4 bed, 3 reception room family home with minimum effort. All that is required is the key locks to be removed from the 6 bedroom doors.
Property info
For more information about this property, please contact
Charles David Casson, CM1 on +44 1245 679863 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Charles David Casson, and do not constitute property particulars. Please contact Charles David Casson for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.