The Chelmsford Property Blog: Chelmer Village Chelmsford, ready made investment...

Friday 9 October 2015

Chelmer Village Chelmsford, ready made investment...

Happy Friday everyone, thought I'd end the week with a little ready made investment. This 2 bed apartment has the benefit of being sold with a tenant in place. The tenancy that is in place is up till February 2016, It would be worth inquiring as to whether the tenants are looking to stay longer than this.

Condition wise, the property looks fairly good, hopefully minimal maintenance needed.
http://www.rightmove.co.uk/property-for-sale/property-55083902.html

Beresfords have just listed this property with an asking price of £165,000, which doesn;t seem too unrealistic. The tenants that are there are currently paying £700 pcm. This could generate you a gross yield of 5% straight away. When it comes up to renewal, you could potentially put the rent up to £725, which would increase your return to 5.2%... every little helps.

There are many more properties out there coming to market, which would be a suitable buy to let investment, but I can;t highlight them all! If you see a property that you like and would like some advice on it suitability for a rental property, e-mail me the link over and I will give you my honest opinion. stephen.frost@martinco.com

3 comments :

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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