Hutton, CM13 1FA

A rare opportunity to acquire an entire residential block of twelve two bedroom apartments, offered at £3,000,000. Converted in 2019, Hutton Lofts combines spacious accommodation, private outside spaces and allocated parking, making this a fantastic opportunity for investors looking to acquire a collection of homes within one development. All twelve apartments are currently let, producing a combined annual rental income of £231,000, representing a gross yield of 7.7% at the asking price. Occupying a plot of approximately 0.35 acres, the detached three storey building comprises four apartments on each floor, with a variety of individual layouts. Each apartment benefits from two bedrooms, an en-suite in addition to a main bathroom, and two allocated parking spaces, providing a total of 24 spaces across the development. The apartments offer bright, well-proportioned accommodation, with high ceilings of approximately 9’ creating an excellent sense of space. Open plan kitchen/living/dining areas provide practical and sociable layouts, complemented by modern fitted kitchens and bathrooms. A particular highlight is the outside space available across the development, ranging from enclosed private gardens to balconies, with selected apartments enjoying a beautiful outlook over Hutton Country Park. These individual features give the apartments their own appeal and broaden their attraction to prospective tenants. The building benefits from a video entry system and modern communal hallways, with the allocated parking conveniently positioned outside. All twelve apartments have an EPC rating of C. Situated in Hutton, the development is well placed for access to Shenfield’s shops, restaurants and mainline station, offering services to London Liverpool Street alongside Elizabeth line connections. With all twelve apartments currently let, this is an excellent opportunity to acquire an established residential investment in a sought-after Essex location. Please contact our Shenfield team for further information, the tenancy schedule and viewing arrangements.