Friday 15 January 2016

Need a little imagination for this buy to let option in Chelmsford....

Just a little bit of imagination is needed for this one.

We are not talking major remodeling or anything like that, but it would benefit from a re-decorate, some new carpets and getting some modern window coverings fitted. To make it super nice, the bathroom at some stage would benefit from a white suite, these can be picked up fairly cheap nowadays. Once these works have been done, you could be looking at a rental price of £795 pcm.

With regards to the asking price, it has come to market with an asking price of £189,995. Personally, I would try and get a bit off this to compensate for some of the works to be done, nearer the £180k, worse case scenario though, based on the asking price you still could be looking at a gross yield of 5%. If you can get it for £180k, then this increases to 5.3%.

There are a few more properties coming to market now the new year is here, so if you see something you like the look of and would like to know if it would make a good buy to let property, by all means, give me a buzz and I will be happy to help. 01245 330500

No comments :

Post a Comment