Wednesday 17 December 2014

Ready made invesment close to Central Chelmsford

This property caught my eye as it says that it is being sold with a tenant in place. it doesn't say what the tenant is paying, but the last one of these we rented, went for £625pcm.  If the current tenant isn't paying market rent, depending on what contract is in place, you may be able to re-negotiate with the tenant the rental price to bring it up to market value.

This apartment is on the market for £125,000, which seems fairly reasonable given the location. Once this has been calculated against the rental amount, it brings you up to a 6% annual return.

For more potential good property deals for buy to let purposes, follow this blog as we post a few properties every week that catch our eye

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