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5 bedroom detached house for sale
55 Mayflower Road, Chafford Hundred, Grays, Essex, RM16 6BE
£450,000
55 Mayflower Road, Chafford Hundred, Grays, Essex, RM16 6BE
£450,000
Our Summary
- FOR SALE BY PUBLIC AUCTION ON THURSDAY, 12TH JUNE 2025 AT 12
- BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE HMO/RESIDENTIAL INVESTMENT: A FREEHOLD DETACHED PROPERTY OFFERED AS A SEVEN BEDROOM HMO WITH A POTENTIAL INCOME OF £55,800 PER ANNUM A freehold detached house located in popular area close to the Harris Academy school
- The house is being offered as a 7 bedroom HMO with five of the rooms let producing an income of £41,400 PA with the potential income when fully let of £55,800
Description
A freehold detached house in a popular area is being sold at public auction on June 12th, 2025, and will be live-streamed online. The property is currently operating as a 7-bedroom HMO, generating an income of £41,400 per annum from five let rooms, with potential to increase to £55,800 when fully let. The property is located near Chafford Hundred Railway Station and Lake side shopping centre, and is within walking distance of Harris Academy school. The property features a spacious entrance hall, living room, dining room, kitchen/breakfast room, utility room, and seven bedrooms, including five en-suite bathrooms. The vacant rooms are currently advertised at £600 per month each, offering a potential increase in income. The property also has the option to be returned to a family home when vacant.