Wednesday 6 April 2016

Great house in Springfield, Chelmsford for Buy To Let...

Good morning everyone, I've got a lovely house for you all to have a look at today. It's on the market with The Home Partnership, the reason it has caught my eye is because they have advertised a price reduction on this one. It was originally on the market for £299,995 and they have reduced it to £290,000. IT is a 3 bedroom house and at the new price, seems to be a very good price. It's in a great location in Springfield, on a road on Saddle Rise, it's a cracking sized house, the only thing I would recommend you do if you did decide to take this one up is to neutralise the decor. The current owners have clearly personalised it to their taste, which you expect, but for rental purposes, just get in there with a couple of tins of magnolia and it will make it much more appealing to a wider market.

From a rental point of view, similar properties to this in this area are renting in the region of £1250 pcm. So if we do our usual yield calculation, you are looking at a potential return of 5.1%! Not bad, especially when you consider that there wont be any service charges or ground rent to eat away at your return. 

This house will not be around for long now that the price has been reduced, therefore, get yourself down to the agents and get yourself a viewing!

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