Maltese Road, Chelmsford, CM1

Income-Producing HMO with Historic Planning Consent In Prime City Location

A rare opportunity to acquire a substantial detached Victorian property occupying a highly accessible location within walking distance of Chelmsford Railway Station, Anglia Ruskin University and Chelmsford City Centre.

The property currently operates as a successful 14-bedroom licensed HMO producing approximately £120,000 gross annual income with a proven occupancy history and minimal void periods.

In addition to its established income profile, the property benefits from a compelling planning history including approval for conversion into 9 apartments and an earlier approval for the erection of 8 apartments, creating a unique blend of immediate income and future development potential.

This opportunity offers investors the ability to secure a cash-flowing asset today whilst exploring future planning-led value enhancement strategies.

Investment Highlights

Existing Gross Income: £120,000 per annum

Licensed 14-Bedroom HMO

Approx. 3,480 sq ft Detached Building

Approx. 0.16 Acre Site

9 Allocated Parking Spaces

Walking Distance to Chelmsford Station

Walking Distance to Anglia Ruskin University

Historic Planning Consent for erection of Apartments and for conversion to Apartments

Historic Planning Approval for Conversion into 9 Apartments

Potential Future GDV Exceeding £3 Million Subject to Planning

Multiple Exit Strategies

The property offers investors a unique opportunity to generate income whilst controlling a site with genuine medium-term redevelopment prospects.

The site benefits from two separate planning precedents demonstrating the principle of apartment development has previously been accepted.

Planning Ref. 88/0264

Approved scheme for 8 apartments.

Planning Ref. 08/00011/FUL

Approved conversion of the existing building into 9 apartments.

Current apartment values in central Chelmsford demonstrate strong demand for high-quality residential accommodation.

Comparable one-bedroom apartments are currently being marketed between approximately £275,000 and £325,000.

Comparable two-bedroom apartments are currently being marketed between approximately £365,000 and £400,000

Based on current market evidence, a future mixed apartment scheme could potentially support a Gross Development Value exceeding £3 million, subject to planning and specification.

Investment Summary

Income Today. Development Potential Tomorrow.

40 Maltese Road represents an opportunity to acquire a substantial detached freehold asset in one of Essex's strongest residential and commuter markets, combining proven income generation with a credible route to future value creation.

Disclaimer

The information contained in this document is provided for guidance only and is believed to be correct at the time of publication. Prospective purchasers should undertake their own due diligence and seek independent professional advice regarding all aspects of the property, including planning, development potential, income and legal matters. All figures and projections are indicative only and should not be relied upon as statements of fact.

Connected Person Notice: In accordance with the Estate Agents Act 1979, we declare that the seller of this property is a connected person of an employee of Walkers/ Period Homes.

Parking - Off street