Wednesday 10 June 2015

6% return on a ready made investment in Chelmsford...

Another opportunity here to grab yourself a ready made buy to let investment. The selling agent are advertising it as being sold with tenant in place. Which we believe to be achieving in the region of £675 pcm. Fantastic really, because you wont have the worry of an initial void period whilst trying to find tenants once you have bought it, you can receiverental income from the get go. 

One thing to be sure of is to make sure you see evidence of the tenants references and tenancy agreements to make sure that they make the grade. 

One thing you might want to do at some point is to upgrade the kitchen and bathroom as they are original and looking quite dated now. 

It is being advertised with a selling price of £134,995, which when you do the calculations, could potentially generate an annual return of 6%

These high yield'ers don't hang around for long as there are a lot of potential landlords looking to buy and as soon as these tasty ones come to market, they get snapped up very quickly. So don;t hang around!

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