The Chelmsford Property Blog: 5.7% Yield on Redmayne Drive

Tuesday, 27 May 2014

5.7% Yield on Redmayne Drive

Good afternoon everybody, I hope you all had a great Bank Holiday weekend.

I thought I'd get straight back into the swing of things and have picked a property that may be quite interesting for you.

This lovely little apartment is on Redmayne Drive, off New London Road, quite popular with renters as they offer good size properties at a reasonable rate. On the market with Pink Residential for £129,000, I reckon they are looking for a deal around £125k, as this is the stamp duty bracket. Depending on what it looks like once empty, may need a touch up on the decor front, but that's not going to cost mega money.

We rented a very similar apartment in this area for £595 pcm. Working these figures out, you are looking at a very tasty 5.7% yield on your investment.

http://www.rightmove.co.uk/property-for-sale/property-44243110.html

No comments :

Post a Comment

Stephen Frost

Hi and thank you for visiting this blog. I have been in the Chelmsford Property market since 2008, owning and running with my excellent colleagues, the Martin and Co office in Chelmsford.

I have always shared my thoughts on the local property market in Chelmsford with my landlords, but now I want to share with everyone in the town.

On this blog, Emma Stuart and I will talk about what is happening in the town's property market itself, even looking at specific streets or housing estates. At other times, we will post what we consider decent buy to let deals. Some will be on the market with me (as we also sell property), but others will be on the market with other agents in Chelmsford. We like to look at the whole of market and give you, what we consider the best investment opportunities.

If you see a potential deal, and want a second opinion, without hesitation, email the Rightmove link to stephen.frost@martinco.com . we will always give you our honest opinion on the property and its investment potential. (both good and bad) .

Stephen