Monday 15 September 2014

Modern 2 bed, 2 Bath apartment with 5.6% return in Chelmsford

I don't normally put our own properties on here as I don't want it to look as though we are using this blog as a selling platform. But every once in a while we take on a really good property that is begging to be bought for investment!

This apartment is well maintained by the current owner, it's a ground floor property, benefiting from an en-suite & parking as well. Just look at the details on the link below for full details

It's on the market for offers in excess if £158,000, so let's say for arguments sake the vendor accepted £160k, you could easily rent this out for £750 pcm. You would therefore be looking at a very respectable 5.6% return on your investment. This is of course without taking into account service charges or ground rent, so please bear that in mind. 

This property is also being sold with no Onward Chain, so you could complete on this one quite quickly and turn it around for letting asap. 

If you have any questions about this property, or any others, just drop me an e-mail.

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