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Upper Bridge Road, Chelmsford, CM2 3 bed end of terrace house for sale
Upper Bridge Road, Chelmsford, CM2
£390,000
Upper Bridge Road, Chelmsford, CM2
£390,000
Our Summary
- FOR SALE – Investment Opportunity / Potential Family Home
- Situated in a sought-after area close to Chelmsford city centre, this versatile property offers strong rental yields and further potential for redevelopment into a single dwelling (subject to necessary works)
- • Versatile property – ideal for investors or potential conversion back to a single dwelling (subject to works and relevant consents)
- Scope to convert back into a single three-bedroom family home (subject to works)
Description
This is an investment opportunity to purchase a unique property in Chelmsford, comprising a converted three-bedroom end-of-terrace house with two self-contained maisonettes and a rear commercial unit. The property is currently generating a total rental income of £25,200 per annum, with a gross yield of approximately 6.46%. The two maisonettes are let to established tenants who wish to remain, while the commercial unit is currently operating as a dog grooming business. The property offers strong potential for redevelopment into a single dwelling, subject to necessary works and consents. With its prime location close to Chelmsford city centre, local amenities, and transportation links, this property presents an attractive investment opportunity for those seeking a reliable income stream and potential for future growth.