Friday 5 September 2014

Nice house on Chancellor Park, Chelmsford

Good morning. This lovely house has recently come on to the market and it is a great size for a 2 bed. It would really appeal to a wide market of tenants. In great condition again, nothing needed to be done to it... even better!

It's on with The Home Partnership in Chelmsford, with an asking price of £240k. It may seem a lot of money, but compared to other 2 bed houses in the area, it's not that high, considering the size of it and what's on offer.

This house I would say should easily rent for £950 pcm, which would generate you a gross yield of 4.7%. 

Whilst this may not be as high a yield as others you can get, as an investor you also need to weigh up capital growth and how likely is the property to be void. With this type of property, your risk of a void period are minimal due to the type of property and  also due to the desirability of the area, it should increase in value steadily.

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