Donald Way, Moulsham Lodge - Investors Only
- PROPERTY TYPE
Terraced
- BEDROOMS
5
- BATHROOMS
2
- SIZE
1,105 sq ft
103 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- INVESTMENT OPPORTUNITY
- FIVE BEDROOM HMO
- ACCOMMODATION SPREAD OVER THREE FLOORS
- OFF ROAD PARKING
- PLEASANT ENCLOSED REAR GARDEN
- POPULAR MOULSHAM LODGE DEVELOPMENT
- BASED ON THE CURRENT RENTAL FIGURES AND PURCHASE PRICE OF £400,000 THE GROSS YIELD WILL BE 9.15%
Description
LOCATION
Donald Way is located in the popular Moulsham Lodge area of Chelmsford, a well-established residential neighbourhood offering a convenient lifestyle. The property is within easy reach of local shops, schools, parks and everyday amenities, while Chelmsford city centre and its mainline railway station are just a short distance away, providing direct services to London Liverpool Street. Excellent road links to the A12 and A130 also make the location ideal for commuters.
OVERVIEW OF ACCOMMODATION
Offered to the market exclusively for investors, this substantial five-bedroom HMO provides well-proportioned accommodation arranged over three floors, presenting an excellent investment opportunity.
The ground floor comprises an entrance hallway, one generously sized bedroom, and a spacious kitchen/diner providing ample communal space for tenants.
To the first floor are two further bedrooms, a shower room, a separate bathroom, and an additional WC, offering practical facilities for multiple occupants.
The second floor completes the accommodation with two further bedrooms, creating a total of five letting rooms.
Externally, the property benefits from off-road parking to the front and a pleasant enclosed rear garden, providing attractive outdoor space for tenants.
An ideal addition to any investment portfolio, this established HMO offers spacious accommodation in a popular residential location.
RENTAL FIGURES
- Room 1 currently paying £577.50 however this is being increased to £615.00 in September - rolling tenancy sine 2019
- Room 2 currently paying £603.75 however this is being increased to £625.00 in September – rolling tenancy 2020
- Room 3 currently paying £550.00 he moved in on the 18/06/2026 so is protected for 12 months until 17/06/27
- Room 4 currently paying £550.00 however this is being increased to £565.00 in September – rolling tenancy since 23/04/2025
- Room 5 currently paying £625.00 however this is being increased to £650 in September – rolling tenancy since 06/09/2024
Based on the new rental figures as of September, the total rental income will be £36,060pa (based on the purchase price of £400,000) making a gross yield of 9.15%
AGENTS NOTE
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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.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Donald Way, Moulsham Lodge - Investors Only
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Visit our security centre to find out moreDisclaimer - Property reference L823541. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Charles David Casson, Chelmsford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of 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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