Now with this property, the poential return isn't as high as others that you can get in Chelmsford, although it's still not that bad. Being a 2 bedroom house though, the potential is that you may get a longer term tenant and also the risk of void periods would be very minimal as this type of property is always popular for rentals.this is also an example of where capital growth must be taken into account as well as yields. If it sells close to the asking price, it has increased in value by approximately 30% in 2 years!
It has just come on the market for £228,000 with Pink and would rent in the region of £895 pcm, which would gross you a yield in the region of 4.7% per year.
If you would like any advice on investing in Chelmsford, give me a call on 01245 330500
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