Tuesday 21 October 2014

Potential for a good deal in Chelmsford


This property caught my eye as I thought it had quite a bit of potential, not only to increase the value of it, but also to generate you a good return as an investment for buy to let. 

It needs a little bit of TLC, but to me it's only cosmetic and you don't need to go overboard if you are going to be renting it out. Some new flooring, redecoration and updating the kitchen & bathroom. 

I imagine you could do this for a max of £15k. So, if you add this to the purchase price of £125,000, making a total spend of £140,000. Comparing this to the potential rent you could expect, which would be in the region of £750 pcm, you are looking at a gross yield of 6.4%!

I'm sure I'm not the only one that's spotted the potential, so get in touch with the agents and book yourself an appointment quick!

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