Monday 7 December 2015

5.8% Yield in Springfield, Chelmsford

I couldn't let today go past without posting this property for you all to see, just in case it gets snapped up quickly!
The property is very nicely presented and looks as though it would appeal to a lot of potential tenants. 

It's a 'ready made' investment, being sold already with a tenant in situ, paying £660 pcm until April 2016. Compare this against the asking price of £134,995 and you could be looking at a potential yield of 5.8%. This is of course before taking into account any service charges or ground rents, so make sure you do your homework before jumping in feet first.

These properties in Springfield are really quite popular little units, there is always demand for them and if you have the option of having a tenant in place already, that's half a job already done. Make sure that your solicitor makes inquiries into their referencing & rent payments etc to make sure that you're not buying a whole heap of trouble!

If you would like to have a chat about the property market and buying to let, feel free to pop in for a coffee. 

1 comment :