Fambridge Road, Maldon - INVESTMENT OPPORTUNITY

GUIDE PRICE - £375,000 - £400,000

LOCATION

The property is situated within striking distance of Maldon town centre, offering easy access to a wide array of amenities, including shops, Cafe's, restaurants, bars and parks. The town's vibrant community and highly sought after location make it ideal for homeowners and investors alike. This popular market town benefits from excellent transport links, ensuring convenient travel to neighbouring towns and cities.

THE CURRENT INVESTMENT OPPORTUNITY

The property, which is spread over three floors, comprises of a four bedroom HMO and a one bedroom ground floor self contained apartment. The apartment comprises of a living room, shower room, fitted kitchen/dining room and access to its own external terrace area. The first floor provides access to rooms 1 & 2, the shared kitchen area, communal shower room and balcony. The second floor provides access to rooms 3 & 4 and the communal bathroom.

We have been informed by the current landlord, that the following prices are being achieved:

Self contained apartment - £1,215pcm

Room 1 - £550 pcm

Room 2 - £530 pcm

Room 3 - £485 pcm

Room 4 - £470 pcm

The Annual Rental Income is £39,000, which gives a gross yield of 9.75%.

AGENTS NOTE:

We are legally obliged to carry out Anti Money Laundering checks on behalf of HMRC on persons or companies trying to buy a property through us. A non-refundable charge of £48 including VAT (for up to two people) is therefore required when you have an offer accepted on a property through us.

DISCLAIMER

With approximate measurements these particulars have been prepared in good faith by the selling agent in conjunction with the vendor(s) with the intention of providing a fair and accurate guide to the property. However, they do not constitute or form part of an offer or contract nor may they be regarded as representations, all interested parties must themselves verify their accuracy. No tests or checks have been carried out in respect of heating, plumbing, electric installations or any type of appliances which may be included.