Friday 28 November 2014

Chelmsford City Centre with a great return

This property looked to me like it could be a good bet. So centrally located, it would be ideal for the professional tenant market. It looks as though there could be potential for it to have off road parking as well, which for a City centre property is a bit of a bonus. 

On the market for £180,000, it may need to have some decorating done to freshen it up and the bathroom is listed as a grey suite, so I would recommend replacing this with a white one, to make it more appealing. 

This type of property would probably rent in the region of £850 - £900 pcm, which in turn would generate you an annual gross yield of 5.6% - 6%

For a City centre property, this is a great return, I'm sure I'm not the only one to have spotted this either, so if you are interested, I suggest that you get down to the agents asap, so that you don;t miss out!

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