A city centre flat... with parking... it's modern... and has Juliet balconies!
It's recently come on the market with local agent Cmrent & sales for £175k and given how properties seem to be selling stupidly quick at the moment, I would recommend that if you like this one, you should get yourself a viewing arranged quick smart.
There is always call for rental properties like this in Chelmsford due to its location and the fact it has parking, which is a bit of a tricky thing in the City centre, similar properties have rented recently in the region of £750 - £800, if we err on the side of caution and base our figures on the lower end to be safe, you are still looking at a potential annual return of 5.1%, which is pretty good.
An investor who we've been talking to for some time now, we have managed to assist him in buying his next property for his portfolio, which will generate him just over a 5% return on a 2 bedroom house. We can help you too. for any advice, feel free to pop into our office on Duke Street
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