GUIDE £650,000 - £700,000

LOCATION

The property is located at the bottom end of Springfield Road, with the high street in a straight line one direction and the mainline station serving London Stratford and Liverpool Street in the other, meaning that it will always be in demand by professional working tenants, working in either Chelmsford or the city.

THE CURRENT INVESTMENT OPPORTUNITY

The property comprises of a six bedroom HMO and a one bedroom self contained apartment. They are currently on one title but a new buyer could split them if so desired.

The HMO consists of 6 double rooms, all en-suite which are rented at at a rate of £650pcm including bills (see agents note), plus a communal Kitchen. There are two parking spaces available.

The self contained flat also has a parking space and is rented at £1100 per month. We believe that this is under market value and could be let at £1200 pcm.

A breakdown of the tenancies is:

Room 1 - Currently vacant but being advertised to let

Room 2 - Periodic tenancy

Room 3 - AST until 08/09/25

Room 4 - AST until 11/09/25

Room 5 - Periodic tenancy

Room 6 - Periodic tenancy

Self contained flat - AST until 23/12/25

A POTENTIAL INVESTMENT OPPORTUNITY

A property in this location would lend itself to being divided into self contained units, subject to planning. No investigation has been made into this and buyers must make their own enquiries

AGENTS NOTE - COUNCIL TAX

Currently the tenants all pay their own council tax of £110 a month which is included in the £650. So they are paying £540 rent plus £110 council tax.

LOOKING FOR A RENTAL INVESTMENT? 

We think that this property would make a great buy to let purchase so please ask us for a rental estimate. Did you know that we can even GUARANTEE your rent? Just ask for further details.

AGENTS NOTE:

We are legally obliged to carry out Anti Money Laundering checks on behalf of HMRC on persons or companies trying to buy a property through us. A non-refundable charge of £48 including VAT (for up to two people) is therefore required when you have an offer accepted on a property through us.

DISCLAIMER

With approximate measurements these particulars have been prepared in good faith by the selling agent in conjunction with the vendor(s) with the intention of providing a fair and accurate guide to the property. However, they do not constitute or form part of an offer or contract nor may they be regarded as representations, all interested parties must themselves verify their accuracy. No tests or checks have been carried out in respect of heating, plumbing, electric installations or any type of appliances which may be included.