Another property has come up in Chelmer Village in one of the more popular roads for tenants. We have rented several of these apartments and they are always popular. A property in this sort of condition, I would expect to rent in the region of £695 pcm. If you looked into updating the kitchen, there is the potential to rent it for a higher figure. At £695 though this would still produce a gross yield of 5.4%
Abbotts have got this on the market for £155,000 and they are doing an open house this weekend. I reckon that there will be an abundance of people that will turn up, so if you are interested, you better be one of them!
Check out past stories on this blog for more market updates and advice
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