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4 bedroom maisonette for sale
Mildmay Road, Chelmsford CM2
£450,000
Mildmay Road, Chelmsford CM2
£450,000
Our Summary
- 73% ROI There is potential to create an extra floor subject to necessary planning
Description
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Here is a summary of the property description in a single paragraph:
This unique opportunity offers a block of two 2-bedroom homes in a fantastic City Centre development, with a combined rental income of approximately £2525 per month and a 6.73% return on investment. The properties are situated in Old Moulsham, a popular area for commuters with easy access to the railway station and sought-after schools. The area also offers recreational facilities, parks, and public open spaces, including Oaklands House with its 12-acre park and museums. The properties are situated outside of the Old Moulsham conservation zone and pre-application planning advice from the council was favourable to redevelopment, with potential to create an extra floor subject to necessary planning. The location could lend itself to five possible six properties with the right consent, making it an attractive investment opportunity.