Monday 15 February 2016

Chelmer Village, Chelmsford House with 5.1% potential Yield

Hi everyone, Thought I would point this property out to you. I came accross it in my daily trawl of the property websites and thought it looked interesting. It is located in Chelmer Village on a Road called Colyers Reach, not too far from Asda and has come to the market with The Home Partnership.

It seems like quite a nice example of a house in this area, quite modern, fairly decent size with aprking and access to a ciommunal garden, all good plus points for a potential tenant. The asking price is £169,995, which seems to be fairly consistent with similar properties in the area.
Have a look at the details for this property on the link below:

With regards to the rental side of things, w have a rented a couple of similar propertes recently for around the £725 pcm mark. So, when we do our little calculation on what the expected yield could be, this brings us out with an annual potential yield of 5.1%. 

Now, the details of this property do state that it is leasehold, so make sure you know what the service charges and ground rent are before you get too excited!

As always, my door is open for any one who wants to chat about buying to let and looking fora dvice on rental amounts and best locations. Our office is on Duke Street. 


No comments :

Post a Comment