Monday 10 November 2014

Over 5% returns in Chelmer Village

Good morning property hunters. Just logged on to Rightmove this morning and spotted this nice little apartment. Located in Chelmer Village, which is in prime rental territory. Currently on the market with Beresfords for £134,995. It could maybe benefit from having a new bathroom suite as currently has a lovely retro grey one in situ, also maybe the carpets. although it is quite hard to tell from the photos, they look like they could be quite worn. 

This type of property would rent in the region of £575 - £595 pcm, so basing it on the worst case scenario, you are looking at a gross annual yield of 5.1%. This figure does not take into account any service charges etc. that may be due.

For any more property morsels that we find, they will be posted on to this blog, so if you 'Follow' me, you can get a glimpse of any good deals that we spot out there

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