5 Bed HMO, Chelmsford, CM1 2RD, £315,000

Cramphorn Walk, Chelmsford, Essex, CM1 2RD - 6 views - 3 months ago

Under Offer
HMO
ROI: 7%
~178 m²
+17 photos

ValuationUndervalued

Sold Prices£246K - £1.6M
Sold Prices/m²£3.3K/m² - £9K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1.8K/m²

Value Estimate

£405,900
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£78,750

Stamp Duty & Legal Fees

£15,100

Total Cash In

£93,850

 

 

Cash Out

 

Room Rate

£554

Gross Rent

£2,770

Running Costs/mo

£2,137

Cashflow/mo

£633

Cashflow/yr

£7,593

ROI

8%

Gross Yield

11%

Local Sold Prices

42 sold prices from £246K to £1.6M, average is £712.5K. £3.3K/m² to £9K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£1.3M02/210.31 mi46, Maltese Road, Chelmsford, Essex CM1 2PA5
£900K12/200.39 mi3, Park Avenue, Chelmsford, Essex CM1 2AB5
£860K04/210.43 mi9, Westfield Avenue, Chelmsford, Essex CM1 1SF5
£850K06/210.49 mi2b, Fitzwalter Place, Chelmsford, Essex CM1 2LX5
£246K03/230.54 mi21, Nabbott Road, Chelmsford, Essex CM1 2SW5
£602.5K09/210.57 mi8, St Fabians Drive, Chelmsford, Essex CM1 2PR5
£710K11/200.57 mi1, Acres End, Chelmsford, Essex CM1 2XR5
£916.5K10/210.64 mi167, New London Road, Chelmsford, Essex CM2 0AE5
£850K05/230.72 mi2, Highfield Road, Chelmsford, Essex CM1 2NQ5
£860K10/210.75 mi5, York Road, Chelmsford, Essex CM2 0AH5
£787K09/210.78 mi112, Moulsham Street, Chelmsford, Essex CM2 0JN5
£715K12/200.8 mi6, Phoenix Grove, Chelmsford, Essex CM2 9BN5
£615K02/210.85 mi86, Vicarage Road, Chelmsford, Essex CM2 9PH5
£740K03/230.89 mi93, Chignal Road, Chelmsford, Essex CM1 2JA5
£625K04/210.91 mi62, Third Avenue, Chelmsford, Essex CM1 4EY5
£650K02/210.98 mi32, The Drive, Chelmsford, Essex CM1 4JS5
£705K06/210.99 mi140, Vicarage Road, Chelmsford, Essex CM2 9BT5
£550K11/201.11 mi9, Widford Grove, Chelmsford, Essex CM2 9AT5
£930K06/211.13 mi12, Dalrymple Close, Chelmsford, Essex CM1 7RF5
£795K01/211.15 mi62, Telford Place, Chelmsford, Essex CM1 7QZ5
£690K06/231.15 mi37, Telford Place, Chelmsford, Essex CM1 7QZ5
£622K01/211.18 mi33, Telford Place, Chelmsford, Essex CM1 7QZ5
£950K01/231.21 mi16a, Green Close, Chelmsford, Essex CM1 7SL5
£1.6M01/231.25 miFairfield, Mounthill Avenue, Chelmsford, Essex CM2 6DB5
£733.5K05/231.33 mi11, Redgates Place, Chelmsford, Essex CM2 6BG5
£681K09/211.42 mi51, Torquay Road, Chelmsford, Essex CM1 7NX5
£510K11/201.42 mi39, Goodwin Close, Chelmsford, Essex CM2 9GX5
£435K06/231.45 mi20, Cumberland Crescent, Chelmsford, Essex CM1 4AJ5
£880K09/211.46 mi218, Chignal Road, Chelmsford, Essex CM1 4SS5
£630K02/231.46 mi1, Bawden Way, Chelmsford, Essex CM2 9GY5
£405K01/211.52 mi71, Ash Grove, Chelmsford, Essex CM2 9JT5
£675K09/211.52 mi82, Berwick Avenue, Chelmsford, Essex CM1 4BD5
£850K07/231.67 mi2, The Cedars, Chelmsford, Essex CM2 6BL5
£700K11/221.71 mi12, The Leys, Chelmsford, Essex CM2 6AU5
£800K05/211.73 mi12, Roselawn Fields, Broomfield, Chelmsford, Essex CM1 7GB5
£867.3K12/221.75 mi2, Honeypots, Chelmsford, Essex CM2 9ST5
£495K06/211.77 mi195, Beehive Lane, Chelmsford, Essex CM2 9SH5
£505K05/231.79 mi6, Robin Way, Chelmsford, Essex CM2 8AS5
£771.4K02/231.82 mi113, Ongar Road, Writtle, Chelmsford, Essex CM1 3ND5
£630K04/211.94 mi8, Britten Crescent, Chelmsford, Essex CM2 7EP5
£580K01/211.95 mi32, Howard Drive, Chelmsford, Essex CM2 6PE5
£790K06/211.99 mi682, Galleywood Road, Chelmsford, Essex CM2 8BY5

Local Area Statistics

Population in CM1

62,617

Population in Chelmsford

174,693

Town centre distance

0.21 miles away

Nearest school

0.30 miles away

Nearest train station

0.34 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £315,000

February 28, 2025

Price changed to £320,000

February 16, 2025

Price changed to £325,000

January 31, 2025

Listed for £330,000

January 13, 2025

Description

  • Buy-to-Let Opportunity +
  • 5 Bedroom HMO +
  • Driveway +
  • Rear Garden Space +
  • Easy Access to Local Amenities +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

This is a 5 bedroom HMO in Chelmsford. With valuable amenities in close proximity, rewarding rental returns and a tenant currently situated, this is a fantastic opportunity for investors looking to expand their portfolio!

The well-kept home features 5 bedrooms, three-piece bathroom and wc, lounge, kitchen, driveway and rear garden space.

Investment Details

It currently produces an annual gross income of £33,240 which could be increased by the new owner to a market rate of £36,000 with tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property and consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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