Woodland Road, Chelmsford CM1 9 bed house of multiple occupation for sale

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Woodland Road, Chelmsford CM1 9 bed house of multiple occupation for sale

Woodland Road, Chelmsford, Essex, CM1
£670,000

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)
  • Investment potential detailed below (Let Property Pack)

Description

This 9-bedroom HMO in Chelmsford is a fantastic investment opportunity for those looking to expand their portfolio. The property features 9 bedrooms, shared bathrooms and wc, a spacious lounge, kitchen, driveway, and rear garden space, and is currently producing an annual gross income of £62,880. With tenants already situated and paying rent consistently, the new owner has the potential to increase the income to a market rate of £68,712. The property is well-kept and offers a valuable amenity in close proximity, making it an attractive addition to an investor's portfolio.