Wednesday 27 May 2015

Modern apartment in Chelmsford with 5.4% return...

I hope everyone had a lovely Bank Holiday weekend, back to it now though.

Did some sums on this apartment, just off Writtle Road and you could be looking at an annual yield of 5.4%. this is based on an asking price of £200,000 and an achievable asking rent of £900 pcm. The market for this type of property is incredibly hot at the moment. 

This particular example looks lovely, nice and modern, with a little balcony and parking space. Probably not much you would need to do to it to get it 'Letting Ready', although make sure that when you view it, you double check the nitty gritty of the condition, photos don't always tell the whole story. 

If you would like any further information on buying to let in Chelmsford, come on in for a cuppa and a chat. My office is on Duke Street


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