Property Details
FOR SALE – Investment Opportunity / Potential Family Home
Guide Price: £390,000
An excellent opportunity to acquire this purpose-built and extended three-bedroom end-of-terrace property, which has been converted into two self-contained maisonettes with an additional commercial unit to the rear. Situated in a sought-after area close to Chelmsford city centre, this versatile property offers strong rental yields and further potential for redevelopment into a single dwelling (subject to necessary works).
Property Overview:
• Originally a three-bedroom end-of-terrace house, now converted into:
o Ground Floor Maisonette: 1 bedroom – currently let at £750.00 per calendar month
o Split-Level Maisonette: 2 bedrooms – currently let at £950.00 per calendar month
• Rear Commercial Unit: Currently operating as a dog grooming business, achieving £400.00 per calendar month, with its own private entrance and garden area
Financials:
• Total current rental income: £2,100.00 per calendar month
• Annual rental income: £25,200.00 per annum
• Guide Price: £390,000
• Gross Yield: ≈ 6.46%
Investment Highlights:
• Attractive gross yield of approximately 6.5%
• Established long-term tenants who wish to remain in situ
• Three income streams (two residential, one commercial)
• Versatile property – ideal for investors or potential conversion back to a single dwelling (subject to works and relevant consents)
Location:
Located on Upper Bridge Road, the property enjoys close proximity to Chelmsford city centre, local shops, restaurants, and Chelmsford railway station, offering fast links to London Liverpool Street. Excellent access to the A12 and A414.
For further information or to arrange a viewing, please contact us directly on 01245 266980.
Early enquiries are strongly recommended.
