Tuesday 3 June 2014

Chelmsford City Centre with a 5.8% Yield!

Good Morning everybody, on my daily Rightmove 'surf'  I came accross this property which looks to me like it could work quite nicely as a buy to let property. It's a 2 bedroom apartment in the City centre (great for the commuter market), it's a great size, personally I would give it once over decor wise to freshen it up, tenants love to move into a property that smells of paint! it also means you can ask the upper end of the price bracket for this type of property. At the moment you could easily rent this out for £775 in great condition, and with a purchase price of £162,950, (gotta be a deal at £160k I reckon), based on this, you're looking at 5.8% yield. this is rare to get this high a yield for a city centre property. 

It's only just come on the market, so don't delay, get in there!


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