7 bedroom semi-detached house for sale

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7 bedroom semi-detached house for sale

Cromer Road, Southend-on-Sea, Essex
£580,000

Our Summary

  • 08% (Net Annual Income / Sale Price) Commentary: The property at 10 Cromer Road, Southend-on-Sea, is an attractive investment opportunity, offering a gross annual income of £57,600
  • With Southend-on-Sea experiencing ongoing regeneration and strong tenant demand, this property presents a solid opportunity for both steady rental income and potential capital appreciation
  • These figures suggest the property is a solid investment opportunity with a reasonable return

Description

<|start_header_id|>assistant<|end_header_id|> Here is a summarized version of the property description in a single paragraph: The property at 10 Cromer Road, Southend-on-Sea, is a high-yield quality HMO with 7 bedrooms, all ensuite, located in a thriving coastal town in Essex. The property benefits from a strong local economy, consistent tenant demand, and excellent transport links, including two major railway lines, a well-connected road network, and London Southend Airport. The town is undergoing regeneration, which is expected to increase property values over time. The property generates a gross annual income of £57,600, with a gross yield of 9.93%, and a net annual income of £41,076, yielding a net yield of 7.08%. The property is well-maintained and professionally managed, with no buyer fees or reservation costs.
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