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Freehold Building Containing 4 Residential Flats
Address
See address
Auction date
04 Jun 2023
Guide price
£500,000
Type
Other
Tenure
Freehold
EPC Rating
E
Status
Ended
Description
This freehold building is a lucrative buy-to-let investment located in the heart of Chelmsford. The property, consisting of four residential flats, is currently 75% let, yielding an annual potential income of around £45,000. The building boasts a driveway and a rear garden, enhancing its appeal to potential tenants.
- Accommodation: 4 flats (3 let, 1 vacant)
- Ground-floor flat: 48 square meters
- Top-floor flats: ranging from 22 to 53 square meters
- Current income: £34,680 per annum
- Potential income when fully let: £44,880 per annum
- EPC Rating: D for Flat 56, E for others
This property represents a strong investment opportunity with potential financial returns. As the flats are located in a desirable residential area, they are likely to attract steady rental demand. Whether you're looking to expand your property portfolio or enter the buy-to-let market, this investment could offer significant returns.
Last update: 25 May 2026
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