Wednesday 29 April 2015

Don't need to do anything to this maisonette in Chelmsford...

This property is beautiful and as a potential landlord, there is nothing that you would need to do to it to get it in a lettable state.... 1 box ticked!

It is located in Chelmer Village in Chelmsford, which is very popular with tenants, even though it is a bit further away from the City centre, it attracts the tenants who want a bit more of a quiet life. 

This maisonette has come to the market for £169,500. In my opinion maybe a smidge high, but given the condition, that;s probably why it has been priced at that level. I would go in with a cheeky offer and try to get it nearer the £160k mark. If you can get it nearer this price, you will definitely be laughing. However even if sold at the asking price, you could still gross a yield of 4.9% per year, given that the achievable rent would be around £695 pcm!

I'm always happy to answer any questions about buying to let, if you want to pick my brain, give me a call on 01245 330500

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