5 bedroom house of multiple occupation for sale

>

5 bedroom house of multiple occupation for sale

Cramphorn Walk, Chelmsford, Essex, CM1
£290,000

Our Summary

  • For greater detail on this property's investment potential, please see the Let Property Pack linked below
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Description

This 5-bedroom HMO in Chelmsford is an excellent investment opportunity for those looking to expand their portfolio. The property is well-kept and features 5 bedrooms, a three-piece bathroom and wc, lounge, kitchen, driveway, and rear garden space. It currently generates an annual gross income of £34,200, which could be increased to a market rate of £36,000 with tenants already in situ. The property offers a worthwhile addition to an investor's portfolio, with the potential for a strong return on investment. The current tenants have consistently paid their rent and have no intention of moving out, making for a smooth transition.