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7 bedroom semi-detached house for sale
Cromer Road, Southend-on-Sea, Essex
£580,000
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
HMO Sales Expert presents a high-yield quality HMO property at 10 Cromer Road, Southend-on-Sea, Essex. The 7-bedroom, all-ensuite property is well-maintained and professionally managed, with a total monthly income of £4,800 and an annual income of £57,600. The property is located near the town center, with convenient access to shops, restaurants, and essential services. The town's robust local economy, consistent tenant demand, and ongoing regeneration make it an attractive investment opportunity. With a gross yield of 9.93% and a net yield of 7.08%, the property offers a healthy return on investment. The financial breakdown shows a moderate management fee and reasonable operational costs, making it a solid opportunity for both steady rental income and potential capital appreciation.