Monday 1 June 2015

Chelmsford City centre apartment with a 5.6% return!


http://www.rightmove.co.uk/property-for-sale/property-52484333.html

Well, we are now half way through the year, where has the time gone! Time flies when you are busy hunting for property deals!

I spotted this little number, which I think should be right up any buy to let investors street. A modern 1 bed apartment within walking distance of the city centre and the train station, perfect for the commuting tenant. The 1 bedroom apartments within this development are renting in the region of £800 pcm at the moment as they offer great size accommodation and allocated parking. 

Beresfords have an asking price on this property of £170,000, so if you do your calculations on these figures, you are looking at a potential annual return of 5.6%, much better than what you are getting in the banks at the moment.

If you would like any advice on buying a property to let, feel fee to give me a call 01245 330500.

No comments :

Post a Comment