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7 bedroom detached house for sale
Springfield Road, Chelmsford CM2
£650,000
Springfield Road, Chelmsford CM2
£650,000
Our Summary
- The current investment opportunity
- A potential investment opportunity
- A property in this location would lend itself to being divided into self contained units, subject to planning
- INVESTMENT OPPORTUNITY
- Investment opportunity
Description
This property, located at the bottom of Springfield Road, is an investment opportunity that comprises a six-bedroom HMO and a one-bedroom self-contained apartment. The HMO is currently generating £3,900 per month in rent, with the self-contained flat bringing in an additional £1,320 per month. The property is situated near the high street and mainline station, making it a desirable location for professional working tenants. The current tenancies range from ASTs to periodic tenancies, with some rooms currently vacant. The property also has potential for future development, with the possibility of dividing it into self-contained units subject to planning permission. With a guide price of £650,000 to £700,000, this property presents a lucrative investment opportunity for a buy-to-let purchase.