Tuesday 5 August 2014

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.

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.

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