Wednesday 12 August 2015

Chelmsford City Centre apartment with a 5.6% return

This modern 1 bed apartment is in the popular Marconi Plaza development which is within easy reach of Chelmsford City centre and the train station, ideal for the professional tenant market. This property is also currently tenanted and has the option to be sold with the tenant in place. 

It has just come to the market for offers in excess of £170,000 and you are looking at a monthly rental amount of £800 pcm, therefore, if you bought it for the bottom line price of £170k, you are looking at a potential annual yield of 5.6%, even if you had to pay £175,000 for it, you still would be looking at an annual yield of 5.4%!.

These properties are getting snapped up like hot cakes at the moment, so if you are interested, get in touch and we can sort you out a viewing.
01245 330500 /

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