Maplestead, Basildon, SS14

ASKING PRICE £425,000 – FIVE BEDROOM LICENSED HMO – NO ONWARD CHAIN – POTENTIAL GROSS RENTAL YIELD OF 9.6%!

Temme English are delighted to offer this heavily extended and spacious five bedroom, three bathroom/WC HMO investment opportunity, situated within a popular residential area of Basildon. Offered with NO ONWARD CHAIN and vacant possession available, this versatile property presents an excellent opportunity for investors seeking an established HMO setup with attractive rental income potential!

The property benefits from an existing HMO licence and has been extended to provide substantial accommodation arranged across three floors, comprising four double bedrooms and one single bedroom, alongside three bathroom/WC facilities.

The ground floor accommodation includes a fitted kitchen with white units, contrasting worktops and tiled splashbacks, a separate dining area overlooking the rear garden, a communal lounge and a shower room.

The first floor provides further bedroom accommodation alongside a family bathroom featuring a shower over the bath plus office/study, while the second floor benefits from additional bedroom accommodation and a separate WC with wash basin.

The property is presented in good overall condition and offers a practical layout suited to multiple occupants, with the added benefit of gas central heating and double glazing.

Externally, the property enjoys a generously sized enclosed rear garden, predominantly laid to lawn with patio areas, offering useful outdoor space for residents.

Investment Example:

Based on anticipated rental figures:

• Four double bedrooms at £700 PCM = £2,800 PCM

• One single bedroom at £600 PCM = £600 PCM

• Total Potential Monthly Income: £3,400

• Total Potential Annual Income: £40,800

• Asking Price: £425,000

• Potential Gross Rental Yield: 9.6%

Rental figures are estimates and the gross yield is calculated before management fees, maintenance, utilities, insurance, compliance costs and any vacant periods. Buyers should verify the HMO licence terms and permitted occupancy.

Although particularly suited to investors, the property could also appeal to larger families seeking generous accommodation across three floors, subject to any necessary consents.

Conveniently located for Basildon town centre, local amenities and transport connections, this substantial property offers a combination of space, versatility and investment potential.

Early viewing is strongly advised!

• Asking Price £425,000

• Five Bedroom Licensed HMO

• Potential Gross Rental Yield Of 9.6%

• Projected Annual Rental Income £40,800

• No Onward Chain – Vacant Possession Available

• Four Double Bedrooms & One Single

• Heavily Extended Across Three Floors

• Three Bathroom/WC Facilities

• Separate Communal Lounge & Kitchen/Dining Areas

• Generous Rear Garden – Ideal Investment Opportunity

• EPC Rating - C

• Council Tax Band - C (£2,069) Per Year

Measurements:

Ground Floor

Entrance Hallway

Bedroom One – 12'3 × 11'6

Kitchen/Diner – 18'5 × 12'8 Max

Lounge – 9'8 × 8'9

Shower Room With W/C – 8'5 × 3'7

First Floor

Landing

Office – 8'4 × 4'5

Bedroom Two – 12'0 × 11'6

Bedroom Three – 12'0 × 10'9

Family Bathroom With Shower Over Bath – 8'3 × 5'3

Second Floor

Landing

W/C With Wash Basin

Bedroom Four – 15'3 × 10'10 Max

Bedroom Five – 9'3 × 8'2 Max

External

Enclosed Rear Garden

Anti-Money Laundering (AML) Compliance: In accordance with UK Anti-Money Laundering Regulations, all purchasers will be required to complete identity verification and AML checks. A fee of £35 + VAT (£42 inclusive of VAT) per property sale is payable to cover the administration and processing of these checks.