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8 bedroom house of multiple occupation for sale
Sydney Villa, 124 Swan Street, Sible Hedingham, Halstead, Essex, CO9 3HP
£575,000
Sydney Villa, 124 Swan Street, Sible Hedingham, Halstead, Essex, CO9 3HP
£575,000
Our Summary
- FOR SALE BY PUBLIC AUCTION ON THURSDAY, 9TH OCTOBER 2025 AT 12
- BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE HMO INVESTMENT: HIGH QUALITY 75% LET HMO IN POPULAR VILLAGE WITH POTENTIAL INCOME OF £66,000 P
- The vacant annex also benefits from planning permission to convert into a two bedroom two storey dwelling independent from the main house
- Room One - £650 pcm Room Two - £725 pcm Room Three - £725pcm Room Four - £700pcm Room Five - £750 pcm Room Six - £650 pcm Annex part 1- Vacant Annex part 2- Vacant Total Monthly Income £4,200 Total Annual Income £50,400 It is considered that the above rent could be improved if all vacant parts are occupied
- 9 sq ft, Study - 57 sq ft, Bathroom Courtyard Garden - 439 sq ft For full details relating to current approved permission please visit the Braintree District Council planning portal using reference 25/00545/FUL
Description
A freehold HMO in a popular village location is being sold by public auction, with a guide price of £575,000. The property has 6 rooms that are currently 75% let, producing a monthly income of £4,200 (£50,400 per annum) and has potential to increase to £66,000 per annum, representing a yield of 11.5%. The property includes a main building with communal facilities and 6 let rooms, as well as an annex with planning permission to convert into a two-bedroom, two-storey dwelling. The property is presented and maintained to a high standard, with residents parking and communal gardens. The current tenants are on assured short hold tenancies, and the property has the potential to attract professional renters due to its popular village location.