Thursday 22 May 2014

Modern Buy-To-Let Property - Chelmer Road

Good morning every one. I've handpicked another one for you. 

This1 bedroom apartment is in a great location, still close enough to the City centre for the commuter market and enough out of 'the thick of things' for people who don't want to be in the hustle & bustle, but still need great commuter links. On the market for £154,995, which isn't a bad price given the condition of the apartment, however, if you managed to get it for £150k (We all like a bit of a deal don't we), all the better. With an asking rent in the region of £700 pcm, you're looking at a 5.6% yield.

Being a leasehold property though, make sure you check with the agent, what the service charges & ground rent are, you will need to take this into account when looking at the finances.

It's not been on the market long, so don't delay

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