Wednesday 9 July 2014

1 bed apartment with a 5.7% Yield in Chelmsford

I've just come across this cheeky little Chelmer Village property and thought it was a good one to mention. It's on the older part of Chelmer Village, so it may not be as modern inside, there's not many photos to go off, so there is a chance that the bathroom or kitchen may need a bit of updating. In tip-top condition though, these properties rent around £625 pcm, which based on it's current asking price of £129,995 would give you a return of 5.7%, however, to my mind, with the stamp duty threshold at £125k, I would think that the owners would be looking to achieve this level, which will make the yield even better.

If you need any more advice, feel free to get in touch

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