Summary - Springfield Road CM2 6JW
7 bed 7 bath Detached
Established HMO plus one-bed flat — chain free, sold with tenants for instant income.
Six-bedroom licensed HMO with all rooms en-suite
A ready-made income property in central Chelmsford, this detached building on Springfield Road combines a six-bedroom licensed HMO with a self-contained one-bedroom flat. All six HMO rooms are double and en-suite, currently let at £650 pcm (including an allocated £110pcm council tax element), while the one-bed flat is let at £1,100 pcm but believed let below market at around £1,200 pcm. The property is sold with sitting tenants for immediate cashflow and is chain free.
The site is compact with limited outside space but includes off-street parking (two spaces for the HMO plus one for the flat). Its position close to the high street and mainline station makes it attractive to professionals and long-term rental demand is likely to remain strong. There is potential to reconfigure or formally divide into separate self-contained units subject to planning — no application has been made, and buyers must undertake their own enquiries.
Notable practical points for purchasers: several tenancies are periodic or short fixed terms, one HMO room is currently vacant, and the council-tax contribution is bundled into the tenant payments. No tests or checks have been carried out on services, electrics, heating or appliances as part of the information provided. The area records very high local crime levels, and the plot and property footprint are small, which may limit capital-growth options for some buyers.
Overall this property suits an investor seeking immediate rental income from an established HMO/flat combination and who is comfortable managing tenanted stock and investigating planning or refurbishment opportunities. Buyers should factor in tenant turnover, the nearby crime level, and carry out full legal, safety and service inspections before purchase.
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