106 Hakewill Way, Colchester, Essex, CO4 5FY

FOR SALE BY ONLINE AUCTION - A fully tenanted seven bedroom, six bathroom HMO let to working professionals producing £52,380 per annum

Description Freehold end-terrace house 7 bedrooms, 4 ensuite bathrooms, 2 shared bathrooms and additional WC Communal kitchen, dining room and lounge Benefits from a large garage with the potential to convert the current garage into additional residential space (subject to planning) Large rear garden Impressive gross yield of 14.3% on guide Current rental income of £4,365 per month / £52,380 per annum Low capital value of just £132/sq ft at guide price

Location Situated on the well-connected Hakewill Way in Colchester, the property benefits from convenient access via the A12 and A120. Providing direct routes to Colchester city centre, Colchester Hospital, and the University of Essex. Set within a popular residential area, it is close to a range of local amenities including shops, schools, and parks. The property's proximity to the University of Essex and major local employers supports strong and consistent rental demand.

Transport links are provided by both Hythe and Colchester Rail Stations.

Planning Certificate of Lawful use granted by Colchester City Council Ref: 261484

Certificate of lawfulness: The property has been used as a seven-bedroom House in Multiple Occupation continuously for the requisite period. The use is therefore lawful through the passage of time.

Please see legal pack for more details.

HMO Compliance - HMO Licence - EICR - Fire Risk Assessment - Emergency Lighting Test - Fire Alarm Test Certificate - Gas Safety Certificate

Copies of these documents can be found within the legal pack