Thought I'd warm the 'ole cockles up with a tasty property treat this morning. Just check out the link below.
http://www.rightmove.co.uk/property-for-sale/property-38018889.html
This house looks really lovely and in pretty good condition as well, perfect for what tenants are looking for. It's also located in Chelmer Village which is again a bit of a lettings 'Hotspot'.
It has just come to market with William H Brown with an asking price of £200,000. Which to me, doesn't seem to be too unrealistic, given the condition. Similar properties to this have rented in the area for around the £900 pcm mark. So when we do our calculations to get our annual yield, you could be looking at a gross return of 5.4%.
This is a pretty good return for an investment property, I suggest that if you are interested, you better get yourselves an appointment booked pretty sharpish so that you don't miss out.
As always, my door is always open. If you would like a coffee and a chat, come on in, my office is on Duke Street
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