5 bedroom house of multiple occupation for sale

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5 bedroom house of multiple occupation for sale

Cramphorn Walk, Chelmsford, Essex, CM1
£295,000

Price History

Initial price £330,000
01/02/25 £325,000
15/02/25 £320,000
01/03/25 £315,000
14/03/25 £310,000
21/03/25 £305,000
27/03/25 £300,000
04/04/25 £295,000
Price Change -10.61%

Description

This 5-bedroom HMO in Chelmsford is an attractive investment opportunity for those looking to expand their portfolio. The well-maintained property features a lounge, kitchen, three-piece bathroom, and WC, as well as a driveway and rear garden space. Currently, the property produces an annual gross income of £34,200, which has the potential to increase to £36,000 with the right management. The existing tenants, who have consistently paid their rent, are hoping to remain in the property, making it a stable and lucrative investment option. With its valuable amenities and close proximity to Chelmsford, this property is a worthwhile addition to any investor's portfolio.