Wednesday 3 February 2016

Great Baddow, Chelmsford property with a potential yield of 5.4%...

Hello all you potential landlords. I was just having 5 mins to have a look to see what tasty little properties have come up for sale over the last few days, that would be suitable for buying to let and I came across this little gem. This apartment is on a modern estate in Great Baddow, still not too far from Chelmsford City centre and being modern, they attract young professional tenants.
The only small area of concern with this particular property is the bathroom, it looks a little bit tired in places, but nothing a little bit of TLC wouldn't solve!

The selling agents are Bairstow Eves and they have put this property on the market with an asking price of £155,000. When you look at the potential rental amount that you would be looking to achieve on this which would be around the £700 pcm mark. You could be looking at an annual yield of 5.4%. This is of course before you take into account any service charges or ground rents, so make sure you get this information from the agent before diving in.

If you would like any advice on buy to let, please do not hesitate to contact me, I'm always happy to answer any questions you may have. 01245 330500

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