Monday 22 June 2015

5.1% return on this Chelmer Village (Chelmsford) property...

This 2 bed maisonette in Springfield could prove to be quite a nice little buy to let property. The property itself is in pretty good condition, so should be a fairly straight forward buy it and let it out, subject to the obligatory pre-tenancy clean. 

Chelmer Village as I have mentioned before in several of my articles is a great spot for buy to let, it offers people the slightly quieter life without being too far away from civilization. Perfect for tenants who have done the City living thing already. 

This property has just come to the market with a guide price of £175,000. Withi this figure in mind and comparing it to what similar properties are renting for in the area at around £750 pcm, you could be looking at a potential annual yield of 5.1%.

If you have decided to dive into the buy to let market, you can;t go far wrong with a property like this.

My door is always open if you fancy popping in for a chat, my office is on Duke Street

No comments :

Post a Comment