Mead Path, Chelmsford

This ground floor maisonette in Chelmsford presents an ideal investment opportunity for anyone looking to expand their property portfolio. The property boasts a 6.7% rental yield, making it an attractive option for those looking to generate additional income. With no onward chain, the buying process is streamlined and hassle-free.

One of the key features of this property is the driveway parking, providing convenient off-street parking for residents or tenants. In addition, there is further residents parking available, ensuring that parking will never be an issue for occupants. The private south facing rear garden is a true gem, offering a peaceful and sunny outdoor space for relaxation or social gatherings. Perfect for enjoying a morning cup of coffee or hosting a summer barbecue, the garden adds valuable outdoor living space to the property.

Built with a 999 year lease, this maisonette comes with the added benefit of zero ground rent or service charges, providing financial peace of mind for the long term making this an ideal purchase for both investors and first time buyers. The uPVC double glazed windows throughout ensure energy efficiency and added security for the property.

In need of some modernisation, this property presents an opportunity for buyers to put their own stamp on the space and potentially increase its value. With a bit of TLC, this maisonette has the potential to be transformed into a stylish and comfortable home.

Chelmsford, Essex offers a vibrant city lifestyle with a host of amenities, attractions, and activities to enjoy. From shopping at the bustling High Chelmer shopping centre to exploring the historic Chelmsford Cathedral, there is always something to do in this lively city. Outdoor enthusiasts will appreciate the many parks and green spaces, such as Hylands Park and Central Park, perfect for leisurely strolls or picnics with family and friends. With excellent transport links to London and beyond, Chelmsford is a popular choice for commuters looking to balance city living with a more relaxed suburban setting.

Tenure: Leasehold

Band B is the Council Tax band for this property and the annual council tax bill is £1,621.27

Lease length: 999 years from 1988, there are 963 years remaining.

Ground rent: Zero

Service charge: Zero

As an integral part of the community, we’ve gotten to know the best professionals for the job. If we recommend one to you, it will be in good faith that they’ll make the process as smooth as can be. Please be aware that a small number of the parties we recommend (certainly not the majority) may on occasion pay us a referral fee up to £200. You are under no obligation to use a third party we have recommended.

Should you successfully have an offer accepted on a property of ours and proceed to purchase it there is an administration charge of £30 inc. VAT per person (non-refundable) to complete our Anti Money Laundering Identity checks.

Entrance porch

Lounge
3.89 m x 3.81 m (12'9" x 12'6")

Inner hall

Bedroom
4.09 m x 2.57 m (13'5" x 8'5")

Bathroom

Kitchen
4.06 m x 1.83 m (13'4" x 6'0")