6 Bed HMO, Chelmsford, CM2 0JS, £499,000

15 Queen Street, Chelmsford, Essex, CM2 0JS - 18 views - 9 months ago

HMO
ROI: 6%
149 m²
+7 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£124,750

Stamp Duty & Legal Fees

£31,100

Total Cash In

£155,850

 

 

Cash Out

 

Room Rate

£667

Gross Rent

£4,002

Running Costs/mo

£3,126

Cashflow/mo

£876

Cashflow/yr

£10,515

ROI

7%

Gross Yield

10%













Property History

Price changed to £499,000

December 4, 2024

Listed for £530,000

June 20, 2024

Sold for £400,000

2015

Sold for £85,000

2000

Description

  • Investment Opportunity +
  • Sought after location +
  • Council Tax - E +
  • No Onward Chain +
  • 9% ROI +
  • HMO +

Prime Investment Opportunity: 10% NET Return HMO Property Currently Generating £48,000 Per Annum McCartney Sales presents an outstanding investment opportunity with this HMO property, offering a remarkable 9% return. This expansive end-of-terrace property, exceeding 2,000 square feet, features six bedrooms, providing substantial rental income potential. Key Features: High Yield: Achieving an impressive annual rental income of £48,000. Spacious Accommodation: Over 2,000 square feet of living space, perfectly configured for an HMO setup. Prime Location: Conveniently located within walking distance to Moulsham Street shops and amenities, Chelmsford City Centre, and the mainline railway station, ensuring high tenant demand. Investment Highlights: Consistent Income: Currently tenanted, ensuring immediate and reliable income. Strategic Location: Proximity to essential amenities and transportation hubs enhances the property's rental appeal. Management Services: McCartney Sales & Lettings can offer comprehensive management services to ensure your investment runs smoothly. Important Information: McCartney Sales & Lettings act as the seller's agent for the marketing of this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate. Contact Us Today To learn more about this exceptional investment opportunity or to arrange a viewing, please contact McCartney Sales. This is an ideal opportunity for savvy investors seeking a high-yield, hassle-free investment property in a desirable location. Don’t miss out on securing this profitable asset.

Agent Details

McCartney Estate Agents, Chelmsford

01245 945622

Next Steps?

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