Friday 19 June 2015

Chelmsford 3 bedroom house with 5.4% return...

I know, I know, this house isn't the most attractive of properties, but it's not too bad inside (might want to neutralise the paint work in the kitchen though!) Avon Road is a popular spot, close to schooling and they are pretty decent sizes as well. 

This particular property has come to the market with an asking price of £220,000, which seems to me to be fairly reasonable, it's 3 bedrooms!!

We have rented a couple of similar properties in this road and would expect you would be able to achieve around £1000 pcm. Doing my calculations, you are looking at a potential yield of 5.4%, certainly not to be sniffed at. Also with a house, you haven;t got to worry about additional service charges and ground rent,

If this one doesn't float your boat, there are plenty of others out there, if you see anything else you like, give me a buzz and I'll be happy to give you some advice on it

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