1 bed flat for sale

Lynmouth Avenue, Chelmsford CM2

Offered for sale with a tenant in situ, this modern one-bedroom apartment presents an excellent opportunity for investors seeking an immediate rental income within a highly desirable Chelmsford location.

Built in 2012, the property extends to approximately 536 sq ft and comprises a spacious living area, fitted kitchen, double bedroom and bathroom. The apartment is well presented throughout and benefits from one designated parking space.

Currently achieving a rental income of £1,165 per calendar month (£13,980 per annum), the property offers an attractive gross yield of approximately 6.66% at the asking price.

Ideally positioned just 0.5 miles from Chelmsford city centre and approximately 1 mile from Chelmsford Railway Station, residents benefit from excellent transport links, extensive shopping and leisure facilities and convenient access to London Liverpool Street.

Further benefits include a long lease with approximately 236 years remaining (250 years from June 2012) and a Council Tax Band C rating.