5 bedroom semi-detached house for sale
Key information
Property description & features
- Tenure: Freehold
- LICENSED HMO
- CURRENTLY VACANT
- CLOSE TO UNIVERSITY
- CLOSE TO STATION
- LOCAL AMENITIES
- PREVIOUS INCOME £2,250
- POTENTIAL TO RE-CONFIGURE
- REAR GARDEN
- COUNCIL TAX BAND B £1609
- EPC RATING C
Upon entry, the property welcomes you into a communal lounge area, providing access to the downstairs bedroom and the spacious bathroom. It's worth noting that maximising yield could involve proportioning the bathroom into two wash facilities, enhancing the property's functionality. From the communal lounge, an inner hall leads to the lobby/dining space and stairs to the first floor, where you'll find four additional bedrooms. The kitchen, equipped with a range of base and eye-level units, as well as the gas boiler, is also accessible from this area.
Externally, the property features a block-paved driveway to the front, although it's important to mention that there's currently no drop curb for access to this space. The rear garden primarily consists of paved areas with a small raised grass section.
In summary, this licensed HMO offers a lucrative opportunity for investors seeking to capitalize on the demand for rental properties. With its strategic location and potential for maximising yield, this property promises to be a valuable addition to any investment portfolio.
Greenstead Road can be found to the East of Colchester's city centre with easy access to the town and University of Essex. The nearest train station is Hythe Station (0.7 miles) with links to the coast and London Liverpool Street through Colchester North Mainline Station. Local amenities include an ALDI, Waitrose and a Tesco Extra which is under a mile away.
ENTRANCE HALLWAY/COMMUNAL LOUNGE - 14'2'' x 12' (4.3m x 3.7m)
GROUND FLOOR BEDROOM - 1 - 10'11'' x 9'11'' (3.3m x 3m)
DOWNSTAIRS SHOWER/BATHROOM - 9'11'' x 8'7'' (3m x 2.6m)
REAR LOBBY - 11'10'' x 5'3'' (3.6m x 1.6m)
FIRST FLOOR W.C - 6'10'' x 3' (2.1m x 0.9m)
BEDROOM - 1 - 12' x 11' (3.7m x 3.4m)
BEDROOM - 2 - 10' x 8'7'' (3m x 2.6m)
BEDROOM - 3 - 10' x 7'6'' (3m x 2.3m)
BEDROOM - 4 - 9'3'' x 8'9'' (2.8m x 2.7m)
AGENTS NOTE -
Local Authority - Colchester City Council.
Broadband Availability - Ultrafast Broadband available with speeds of up to 1000 Mbps (details obtained from Ofcom Mobile and Broadband Checker) - April 2024.
Mobile Coverage - It is understood that the best available mobile service in the area is provided by EE, Three, O2 & Vodafone (details obtained from Ofcom Mobile and Broadband Checker) - April 2024.
Utilities - Mains Electric / Gas Fired Central Heating / Mains Water /Mains Sewerage.
Construction Type - We understand the property to be of Traditional Construction of brick and render, tiled roof / flat roof on rear extension.
Flood Risk - Data Taken from Gov.UK Flood Map - checked April 2024 - The property is at low risk of flooding.
Planning Applications in the Immediate Locality - Checked April 2024 - We are not aware of any planning applications in the immediate locality.
MONEY LAUNDERING REGULATIONS - Please be advised that all purchasers will need to adhere to currents laws of money laundering and therefore will need to provide Boydens Estate Agents photographic identification and proof of residency identification before any transaction is started to comply with the legislation.
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Property reference 2601553. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Boydens - Colchester.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 16, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on December 22, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on April 30, 2018 from 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.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.