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

Shelley Road, Chelmsford, Essex, CM2 6ER - 14 views - 10 months ago
Under Offer
HMO
ROI: 6%
~178 m²
Property image

ValuationUndervalued

Sold Prices£246K - £1.6M
Sold Prices/m²£3.4K/m² - £9K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1.9K/m²

Value Estimate

£457,500
BMV22%

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%

Local Sold Prices

45 sold prices from £246K to £1.6M, average is £733.5K. £3.4K/m² to £9K/m², average is £4.6K/m².

Price
Date
Distance
Address
Beds
 
£550K01/250.31 mi25, Sandford Road, Chelmsford CM2 6DE5
£1.6M01/230.41 miFairfield, Mounthill Avenue, Chelmsford, Essex CM2 6DB5
£930K06/210.48 mi12, Dalrymple Close, Chelmsford, Essex CM1 7RF5
£690K06/230.55 mi37, Telford Place, Chelmsford, Essex CM1 7QZ5
£733.5K05/230.59 mi11, Redgates Place, Chelmsford, Essex CM2 6BG5
£837.5K06/250.64 mi23, Redgates Place, Chelmsford CM2 6BG5
£837.5K06/250.64 mi23, Redgates Place, Chelmsford CM2 6BG5
£950K01/230.71 mi16a, Green Close, Chelmsford, Essex CM1 7SL5
£630K02/230.76 mi1, Bawden Way, Chelmsford, Essex CM2 9GY5
£850K07/230.8 mi2, The Cedars, Chelmsford, Essex CM2 6BL5
£655K03/250.81 mi5, The Cedars, Chelmsford CM2 6BL5
£700K11/220.93 mi12, The Leys, Chelmsford, Essex CM2 6AU5
£525K05/250.99 mi20, Dorset Avenue, Great Baddow, Chelmsford CM2 9TZ5
£525K05/250.99 mi20, Dorset Avenue, Great Baddow, Chelmsford CM2 9TZ5
£675K02/251.05 mi100, Bodmin Road, Chelmsford CM1 6LL5
£555K03/231.05 mi45, Wilkinsons Mead, Chelmsford, Essex CM2 6QF5
£916.5K10/211.07 mi167, New London Road, Chelmsford, Essex CM2 0AE5
£595K08/251.09 mi8, Milbank, Springfield, Chelmsford CM2 6YX5
£681K09/211.1 mi51, Torquay Road, Chelmsford, Essex CM1 7NX5
£1.1M03/231.12 mi23, High Street, Great Baddow, Chelmsford, Essex CM2 7HW5
£787K09/211.17 mi112, Moulsham Street, Chelmsford, Essex CM2 0JN5
£505K08/251.18 mi1, Edward Drive, Chelmsford CM2 9ER5
£860K10/211.2 mi5, York Road, Chelmsford, Essex CM2 0AH5
£850K01/231.21 mi5, Eglinton Drive, Chelmsford, Essex CM2 6WT5
£705K06/211.22 mi140, Vicarage Road, Chelmsford, Essex CM2 9BT5
£495K06/211.27 mi195, Beehive Lane, Chelmsford, Essex CM2 9SH5
£867.3K12/221.35 mi2, Honeypots, Chelmsford, Essex CM2 9ST5
£835K11/221.37 miVivilla, Pitt Chase, Great Baddow, Chelmsford, Essex CM2 8EE5
£580K05/231.38 mi36, Bryant Link, Springfield, Chelmsford, Essex CM2 6GZ5
£712.5K08/251.48 mi55, Oak Lodge Tye, Springfield, Chelmsford CM1 6GY5
£425K05/231.51 mi101, Beardsley Drive, Chelmsford, Essex CM1 6GJ5
£473.1K05/251.53 mi16, Goshawk Drive, Chelmsford CM2 8XN5
£1.0M02/251.7 mi3, Beaulieu Boulevard, Springfield, Chelmsford CM1 6EA5
£845K07/251.74 mi18, Honor Link, Springfield, Chelmsford CM1 6BB5
£1.0M09/211.74 mi6, Beaulieu Boulevard, Chelmsford, Essex CM1 6EA5
£932.9K03/251.77 mi15, St Fabians Drive, Chelmsford CM1 2PR5
£850K06/211.77 mi2b, Fitzwalter Place, Chelmsford, Essex CM1 2LX5
£505K05/231.78 mi6, Robin Way, Chelmsford, Essex CM2 8AS5
£246K03/231.78 mi21, Nabbott Road, Chelmsford, Essex CM1 2SW5
£602.5K09/211.78 mi8, St Fabians Drive, Chelmsford, Essex CM1 2PR5
£1.0M08/211.8 mi17, Sidney Place, Springfield, Chelmsford, Essex CM1 6BE5
£1.0M07/231.81 mi5, Billers Chase, Springfield, Chelmsford, Essex CM1 6BD5
£435K06/231.92 mi20, Cumberland Crescent, Chelmsford, Essex CM1 4AJ5
£850K05/231.94 mi2, Highfield Road, Chelmsford, Essex CM1 2NQ5
£800K05/211.96 mi12, Roselawn Fields, Broomfield, Chelmsford, Essex CM1 7GB5

Local Area Statistics

Population in CM2

58,244

Population in Chelmsford

174,693

Town centre distance

1.12 miles away

Nearest school

0.30 miles away

Nearest train station

0.97 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

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?

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