Donald Way, Chelmsford

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 We are legally obliged to carry out Anti Money Laundering checks on behalf of HMRC on persons or companies trying to buy a property through us. A non-refundable charge of £48 including VAT (for up to two people) is therefore required when you have an offer accepted on a property through us. DISCLAIMERWith 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.