This apartment in Chelmsford, just up from the Miami round about, could be a great little investment property. It's a bit quirky, being set over 2 floors, but the spaces are pretty good, which will appeal to potential tenants.
It has come to the market with local agent IPS with an asking price of £167,000, which considering the space on offer, I don't think this is over the top.
Similar properties to this in this area would rent in the region of £800 pcm, which if you do your sums based on this, could potentially gross you an annual return of 5.7%, which in this market is a fantastic yield.
If you would like any advice on where, or where not to buy your investment property, feel free to give me a call on 01245 330500 to discuss.
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