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3 bedroom 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 property is an excellent investment opportunity, offering a versatile and lucrative combination of two self-contained maisonettes and a commercial unit. The property, located in a sought-after area near Chelmsford city centre, has been converted from a three-bedroom end-of-terrace house and is currently generating a total of £2,400 per month in rental income. The ground floor maisonette is let for £950 per month, while the split-level maisonette is let for £1,100 per month. The commercial unit, which is currently used as a dog grooming business, brings in an additional £400 per month. With a guide price of £390,000 and a gross yield of approximately 7.54%, this property offers an attractive investment opportunity for those looking to generate a strong return. Additionally, the property's location offers easy access to the city centre, local amenities, and transportation links, making it an ideal investment for those looking for a reliable and lucrative property.