5 bedroom terraced house for sale
Key information
Property description & features
- Tenure: Freehold
- Hmo rental opportunity
- Five let rooms
- Currently let
- Near university
- Near supermarket
- Bus route to hand
- Leisure centre closeby
- Epc c
INVESTMENT OPPORTUNITY RECENTLY REFURBISHED - This three storey residence is currently rented as a HMO with full occupancy to all five rooms under professional let on single tenancies. Ground floor offers bedroom, shower room, wc. First floor two bedrooms and kitchen/diner. Third floor three further bedrooms and bathroom.
The property is most conveniently position for easy access to the Essex University and Tesco superstore with local bus service also to hand. Town centre with a vast array of shops, cafes, and bars is well only an approx mile away of which access can be via the leisure centre and Castle Park that offer great social and leisure activities. Two Train stations that connect into London's Liverpool Street.
We have been advised by the seller the current income is £2535 PCM until September 2025. The owner pays tenant utilities.
EPC - C (73) - Potential B (87)
Council Tax Band - B
Recently refurbished.
Selling due to retirement.
Currently rented out until September 2025 achieving £2535 pcm.
After all utility bills, broadband, tv licence, insurance, tenant deposits, fire alarm servicing etc, net income per month comes in at £2,100 pcm.
House is HMO licensed until November 2024. After Council inspection in March 2024, no issues were required for a new licence.
Turnkey investment producing income from day 1.
Recently refurbished. EPC = C
The new buyer will need to apply for a new HMO licence as the council does not transfer them.
This is approx £1000 for 5 years.
Alternatively, the house could be converted to a 4 bed and then would not need a licence.
Also, the downstairs bedroom could be made into an en-suite with the addition of an access door.
The property being let out to professionals has a higher rent return, but then council tax would be payable.
Updated combi boiler and shower.
Bedrooms all laminated flooring.
Off road parking for 2 cars, bike shed.
Integrated Fire Alarm system with linked fire/heat alarms in each room and hallways, exits.
Emergency lighting and Fire doors throughout.
Lounge 2.84m (9' 4") x 2.43m (8' 0")
Bedroom 2 3.84m (12' 7") x 2.30m (7' 7")
Bedroom 4 3.86m (12' 8") x 2.60m (8' 6")
Kitchen 4.70m (15' 5") x 3.70m (12' 2")
Bedroom 3 3.90m (12' 10") x 2.50m (8' 2")
Bedroom 5 2.10m (6' 11") x 3.10m (10' 2")
Bedroom 1 2.60m (8' 6") x 3.38m (11' 1")
Places of interest
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Property reference SNR2000042. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Stoneridge Estates - Brightlingsea.
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Broadband availability and predicted speed: obtained from Ofcom on June 21, 2022
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Energy Performance data and Internal floor area: obtained on July 27, 2022 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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