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5 Bed HMO, Grays, RM16 6BE £450,000

55 Mayflower Road, Chafford Hundred, Grays, Essex, RM16 6BE - 3 views - 7 months ago
  1. Deal Search
  2. Grays
  3. RM16
  4. RM16 6BE
Auction
HMO
ROI: 7%
165 m²

ValuationUndervalued

This may not be accurate, please check manually.

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Property History

Listed for £450,000

May 21, 2025

Floor Plans

Description

  • Freehold +
  • Strictly by appointment with the Auctioneers +

FOR SALE BY PUBLIC AUCTION ON THURSDAY, 12TH JUNE 2025 AT 12.00PM. LIVE STREAMED VIA DEDMAN GRAY WEBSITE. BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE

HMO/RESIDENTIAL INVESTMENT: A FREEHOLD DETACHED PROPERTY OFFERED AS A SEVEN BEDROOM HMO WITH A POTENTIAL INCOME OF £55,800 PER ANNUM
A freehold detached house located in popular area close to the Harris Academy school. The property is within walking distance of Chafford Hundred Railway Station and Lake side shopping centre. The house is being offered as a 7 bedroom HMO with five of the rooms let producing an income of £41,400 PA with the potential income when fully let of £55,800. Alternatively it is considered that the could be returned back into a family home when vacant.
Entrance Hall
Living Room 21'3 x 11'5
Dining Room 12'9 x 10'7
Kitchen/Breakfast Room 14'5 x 10'6
Utility Room 5'10 x 5'10
First Floor Landing
Bedroom One 15'5 x 10'8 with En Suite Shower Room
Bedroom Two 12'5 x 11'5 with En Suite Shower Room
Bedroom Three 8'8 x 8'7
Bathroom/WC
Second Floor Landing
Bedroom
Bedroom
Bathroom/WC
Five rooms are let on tenancy agreements producing an income of £3450 pcm (£41,400 pa) The two vacant rooms are currently advertised at £600 pcm each. When fully let the ERV would be £55,800 PA
C

Agent Details

Dedman Gray Auctions, Essex

01702 311010

Next Steps?

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

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