Monday 23 February 2015

Potential 6% return in The Village, Chelmsford!

Roll up, roll up, come an' get your 6%'ers!

A nice way to start the week with a cracking little investment opportunity. This 1 bed apartment in The Village, in Chelmsford, just off Writtle Road is prime rental territory. Popular with commuters, singles, couples, families, it offers it all. 

I can't comment too much on what it's like inside as there are no internal images, so I'm taking a bit of a chance, but given the price and the fact it is modern, one hopes that it's not a hovel! It's probably because the agent are waiting to get in to take the internals, time will tell.

For rental purposes, these 1 beds generally rent in the region of £675 pcm, which when you calculate it against the asking price of £135,000, would look to generate you an annual yield of 6% before the usual service charges etc. So, to my mind, this property is a no brainer, if you are looking for a quick 'n' easy rental property, either as your first, or to add to your growing portfolio.

I'm always happy to share any pearls on the property market, to take advantage, why not come in and see me in our office on Duke Street

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