Monday 29 June 2015

2 Bed apartment in Chelmsford with 5.2% yield...

We're in for a scorcher this week, so I've heard! So I thought I would send out some 'Hot' Properties that I have noticed on the property portals. 

This property is a 2 bed apartment in a popular street, just off New London Road in Redmayne Drive. It's a spacious property, in not bad condition however, I would suggest running a coat of magnolia around to freshen it up and neutralize it a bit.

This apartment has just come to the market for £170,000 and would achieve a rent easily in the region of £750 pcm. Getting our yield calculator out, you are looking at an annual return of 5.2%, before any service charges & ground rents etc.

IF you would like any advice on wheat you should, or shouldn't be buying, come on in for a chat, my office is on Duke Street


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