5 Bed HMO, Chelmsford, CM2 6ER, £340,000

Shelley Road, Chelmsford, Essex, CM2 6ER - 5 views - 2 months ago

Under Offer
HMO
ROI: 6%
~178 m²
+13 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£85,000

Stamp Duty & Legal Fees

£18,700

Total Cash In

£103,700

 

 

Cash Out

 

Room Rate

£580

Gross Rent

£2,900

Running Costs/mo

£2,252

Cashflow/mo

£648

Cashflow/yr

£7,779

ROI

8%

Gross Yield

10%













Property History

Price changed to £340,000

January 31, 2025

Listed for £375,000

January 17, 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 £34,800 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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