Monday 18 August 2014

Chelmsford City Centre Property.

Just spotted this house just come on to the market. If you are looking for a great investment property, snap this one up quick!

In The City Centre, it couldn't be any more central and looks like it is in pretty good condition as well. On the market with Adrians for £225,000. this type of property is sure to attract a nice professional tenant looking to commute into London.

The last one the rented out in this terrace rented for around £900 pcm. Which based on this asking price would give you a gross yield of 4.8%. 

For a City centre house, this isn't too bade. It may not as high as some yields that you can get in the area, but you should take into account desirability and how likely you will (or won't) have void periods. some properties will have a high yield, but may be in a not too nice location, therefore meaning that they may not rent so easily when they come available. It's all a bit of a balancing act!

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