A great deal in Chelmsford, (with a bit of Imagination!)

Now, this property is advertised saying that there is room for improvements  to be made and as there are no internal photos on the details, I would presume that it would definitely need some TLC.

http://www.rightmove.co.uk/property-for-sale/property-45668149.html

In saying that though, the price that they want for it seems incredibly reasonable. Similar houses in the are at the moment are selling around £145 - 150K

If you could get this house within the stamp duty bracket of £125k and spent around £10k on works. (they are not overly large, and you don;t have to go super high spec), you are already quids in in terms of equity. 

Also from the rental perspective, you would look to achieve in the region of £675 pcm, even after imprivements have been made, you would achieve a gross yield of 6%.

All round this property is a bit of a winner. Don't hang around though, get yourselves down to the selling agent.