Shelley Road, Chelmsford CM2 5 bed semi

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Shelley Road, Chelmsford CM2 5 bed semi

Shelley Road, Chelmsford CM2
£330,000

Price History

Initial price £360,000
01/02/25 £340,000
14/02/25 £335,000
04/03/25 £330,000
Price Change -8.33%

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 £34,420, which could be increased to £36,000 with new tenants. The existing tenants have been consistently paying rent and have no plans to move out, making it an ideal situation for the new owner. With its valuable amenities and proximity to rental returns, this property is a worthwhile addition to any investor's portfolio.