£375,000

Lucy Lane South, Stanway, Colchester

  • ATTENTION INVESTORS
  • Fully Licensed HMO Property
  • Six Bedroom Detached House
  • Rental Income Of £2650pcm
  • Gross Yield Of 8%
  • Highly Sought After Location
  • Internal Viewings Are Highly Advised!
  • No Onward Chain
Floorplan Brochure Arrange a Viewing

Location

**ATTENTION INVESTORS** A rare opportunity to acquire this six bedroom detached fully licensed HMO, located in the highly sought after Stanway district of Colchester offering excellent access to the A12, great local schooling and the town centre. With a potential rental income of £2650 per calendar month and a gross yield of 8% this unique detached home would be ideal for any investor looking to grow their portfolio.

Offering six bedrooms over two floors and generous living accommodation, the ground floor consists of an entrance hall, a generous living room, fitted kitchen with integrated appliances, a conservatory/dining room, two double bedrooms and a downstairs cloakroom. On the first floor, four further bedrooms can be found as well as a shower room and a three piece bathroom.

Outside, there is a sizeable low maintenance rear garden with a garden shed to remain, whilst to the front there is block paved driveway providing off road parking for two cars.

With all the relevant paperwork and licences in place this great investment is ready for a new owner to take over the ownership and begin making their profit or if required the property could be returned into a family home with a few changes.

Offered with no onward chain, internal viewings highly advised.

Ground Floor

Entrance Hall

With double glazed window to side, stairs rising to first floor, doors to;

WC

With double glazed window to front, close coupled WC, wash hand basin.

Living Room

17' 3" x 11' 1" (5.26m x 3.38m) With double glazed window to front, radiator, understairs storage cupboard, doors to;

Bedroom Six

12' 7" x 8' 2" (3.84m x 2.49m) With double glazed window to front, radiator.

Kitchen

18' 7" x 7' 2" (5.66m x 2.18m) With double glazed window to rear, single door to conservatory, a range of matching eye level base units with drawers and worktops over, inset sink and drainer, space for dishwasher, washing machine and fridge/freezer, single oven with gas hob over, spotlights, radiator.

Conservatory/Dining Room

UPVC construction with sliding doors to garden.

Bedroom Five

18' 7" x 11' 4" (5.66m x 3.45m) With double glazed window to rear, French doors to side, radiator.

First Floor

Landing

With double glazed window to front, airing cupboard, doors to;

Bedroom One

18' 7" x 11' 4" (5.66m x 3.45m) With double glazed window to rear, radiator, built in wardrobe.

Bedroom Two

11' 4" x 10' 8" (3.45m x 3.25m) With double glazed window to front, radiator.

Bedroom Three

11' 8" x 8' 2" (3.56m x 2.49m) With double glazed window to front, radiator, built in wardrobe.

Bedroom Four

8' 8" x 8' 2" (2.64m x 2.49m) With double glazed window to rear, radiator, built in cupboards.

Bathroom

With obscure double glazed window to rear, panelled bath with shower over, wash hand basin, close coupled WC.

Shower Room

With obscure double glazed window to front, radiator, shower cubicle, close coupled WC, wash hand basin.

Outside

Rear Garden & Front Of The Property

Outside, there is a sizeable low maintenance rear garden with a garden shed to remain, whilst to the front there is block paved driveway providing off road parking for two cars.