Monday 11 May 2015

1 Bed Freehold House in Chelmsford, great for Buy To Let

I hope you are all raring to go & ready for another week! Getting in early this morning to try and get a head-start for all you property hunters. Properties at the moment are flying out like hot cakes, especially ones like this 1 bedroom house on Beardsley Drive, in Springfield.

This type of property are great for buy to let, easy to rent when they come on and they appeal to a wide range of tenants, better than a 1 bed flat because there is a garden. 

This house has come to the market with Balch with an asking price of £154,950, which is about the going rate for a property in this area. Rental wise, you would look to achieve in the region of £700 pcm, which would give you a potential annual yield of 5.4%. It's also Freehold so you don't have to worry about any service charge costs, another bonus!

As I said, properties are flying out at the moment, in all areas of the market, so if you see something you like, you really can't hang around and wait to make a decision.

If you would like any more information about investing in Property in Chelmsford, feel free to come in and have a chat. My office is only on Duke Street

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