Close to University, Greenstead Road, Colchester East

Boydens presents an exciting investment opportunity for those looking to expand their portfolio—a five-bedroom licensed HMO with four years remaining on the license.

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.