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£625,000 OIRO

57 Danes Way, Essex CM15 Ref: 22117

An opportunity to acquire a fully compliant, licensed HMO (House of Multiple Occupation) in an affluent residential suburb in the Essex borough of Brentwood. The property is a former family home which has been extended and recently refurbished throughout to create a well-proportioned 6 bedroom HMO. All of the individual units benefit from en-suite bathrooms and kitchenettes, whilst all of the tenants benefit from access to a communal living room / kitchen, communal drive way, and a communal garden. Features such as this are what sets the property apart from typical HMO investments, which often offer cramped and undesirable accommodation for tenants. The property is currently fully let and produces a gross income of £59,400 per annum, a purchase at the guide price would therefore return a highly attractive 9.5% gross return.

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