Initial price	£320,000
18/09/25	£310,000
Price Change	-3.13%

This three-storey residence is a lucrative investment opportunity, currently rented as a HMO with full occupancy to all five rooms under professional lets. The property has been recently refurbished and features a mix of bedrooms, shower rooms, and a kitchen/diner. With its convenient location near Essex University, Tesco superstore, and local bus services, it's an attractive option for tenants. The property is licensed as a HMO and has a current rent of £2535 pcm, with a net income of £2,100 pcm after utility bills and other expenses. The new buyer will need to apply for a new HMO licence, which costs approximately £1000 for 5 years. Alternatively, the property could be converted to a 4-bedroom residence, eliminating the need for a HMO licence. The property boasts updated features such as a combi boiler, shower, and laminated flooring throughout the bedrooms. Additionally, it has off-road parking for two cars, a bike shed, and an integrated fire alarm system.