The Chelmsford Property Blog: Cracking property in Chelmsford

Monday, 20 October 2014

Cracking property in Chelmsford

This sort of thing is exactly what the rental market needs at the moment! There is so much high demand for 2 bed houses, we can't keep up with it.

http://www.rightmove.co.uk/property-for-sale/property-32638473.html

If you can get hold of a nice modern, 2 bed house, you will not have any problem in getting it let. We rented a very similar house in this road last month for £950 pcm and it flew out the door.

This is another prime example of yield vs capital growth as this would gross you an annual yield of 4.8% which isn't the best you can get in Chelmsford, however this house was sold 2 years ago for £195k, so if it achieves asking price, in 2 years it's value has increased by 20%!

If you would like any more advice on buying to let, feel free to drop me an e-mail stephen.frost@martinco.com

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Stephen Frost

Hi and thank you for visiting this blog. I have been in the Chelmsford Property market since 2008, owning and running with my excellent colleagues, the Martin and Co office in Chelmsford.

I have always shared my thoughts on the local property market in Chelmsford with my landlords, but now I want to share with everyone in the town.

On this blog, Emma Stuart and I will talk about what is happening in the town's property market itself, even looking at specific streets or housing estates. At other times, we will post what we consider decent buy to let deals. Some will be on the market with me (as we also sell property), but others will be on the market with other agents in Chelmsford. We like to look at the whole of market and give you, what we consider the best investment opportunities.

If you see a potential deal, and want a second opinion, without hesitation, email the Rightmove link to stephen.frost@martinco.com . we will always give you our honest opinion on the property and its investment potential. (both good and bad) .

Stephen