6% return on a ready made investment in Chelmsford...

Another opportunity here to grab yourself a ready made buy to let investment. The selling agent are advertising it as being sold with tenant in place. Which we believe to be achieving in the region of £675 pcm. Fantastic really, because you wont have the worry of an initial void period whilst trying to find tenants once you have bought it, you can receiverental income from the get go. 

One thing to be sure of is to make sure you see evidence of the tenants references and tenancy agreements to make sure that they make the grade. 

One thing you might want to do at some point is to upgrade the kitchen and bathroom as they are original and looking quite dated now. 

http://www.rightmove.co.uk/property-for-sale/property-33042831.html?premiumA=true

It is being advertised with a selling price of £134,995, which when you do the calculations, could potentially generate an annual return of 6%

These high yield'ers don't hang around for long as there are a lot of potential landlords looking to buy and as soon as these tasty ones come to market, they get snapped up very quickly. So don;t hang around!

3 Bed House in Chelmer Village, great for Investment...

http://www.rightmove.co.uk/property-for-sale/property-52610147.html

This could be an opportunity to grab yourself a lovely buy to let property, I believe. It's a nice 3 bed semi in one of Chelmsford rental hot spots, Chelmer Village. Being a 3 bedroom house, means that it will appeal to families who are looking to get into the area for schooling.

I generally pick out lots of city centre flats which appeal to the high flying professional type, but there is so much more to the rental market in Chelmsford. We musn't forget about the family market. this is good area to tap into, because you generally end up with a longer term tenants. Families look to get into a property and stay there to prevent disruption to their children. 

This particular property is currently on the market for £250,000. You could look to rent this out for around £1000 pcm. This could look to generate you a potential annual return of 4.8%. Better than what you can get with savings in the bank!

IF you would like any advice on where to buy your investment property, feel free to give me a call on 01245 330500, I'm always happy to help.

Amazing 2 bed apartment in Chancellor Park, Chelmsford...

http://www.rightmove.co.uk/property-for-sale/property-34854732.html

Another cracking property that would be good for a buy to let property. Located on Chancellor Park, this 2 bed apartment has lots to offer... A balcony, a garage, an en-suite and lovely views. This will attract lots of tenants as it just offers a little bit more than the average 2 bed apartment. 

It has just come to the market for £210,000 and I can see this sort of property renting for around the £1000 pcm mark. After doing the calculations, you could be looking at a potential return of 5.7% annually,before taking into account any service charges that may be due. Always best to do your homework before taking the plunge!

I can;t see this property hanging around for much longer though, so get down to the selling agent to register your interest.

How can you find a good property deal in Chelmsford?

The subject of a lack of Chelmsford property bargains over the last couple of years has always been near the top of most local landlord’s thoughts. I have built up an extensive database of every property sale in Chelmsford since the late 1990 ’s, so are able to give an objective and unbiased opinion on what (and what does not) make a good property deal /investment. Knowing what is and what has happened to the property market in the different areas of Chelmsford (the differences of the property markets in Chelmer, Springfield and Galleywood for example)  or comparing the town against say Witham or Ipswich, enables me to spot any trends /opportunities for buy to let landlords. 

Here are some bargains that I spotted at the time and made a note of. It’s obvious other people thought the same as some have now resold a few years later. A lovely terrace house on Marconi Road in Chelmsford City Centre sold in the Spring of 2012 for £173,000. Admittedly it needed a some TLC and a lick of paint, but what a bargain, because they sold it again this spring just gone for £230,000 .... a 32.9% increase in just three years. (Average property values in Chelmsford in the same three years only rose by 17% !). Or there was also a 4 bed detached house on Pickwick Avenue in Chelmsford, which sold in the winter of 2013 for £272,950, not in bad condition, which sold in the spring of this year for £350,000! An increase of 28% in just 2 years, where average property values across Chelmsford increased by only 12%. It just shows if you buy right in the first place, you can still benefit from some great capital growth.

Whether you are a landlord of ours or not or someone thinking of investing in rental market for the first time, drop by our offices for any advice and opinion on where the property deals are in Chelmsford. Please come and see me at our office in Dukes Street in Chelmsford.

5.7% return in Great Baddow...

I have to say, there are some really nice properties coming to market at the moment, so many to chose from! Doesn't make it any easier for me though as I still need to hunt out the best deals that I can for you potential landlords out there.

This one caught my eye though as it has the potential to gross you a pretty nice yield, around the 5.7% mark! 

http://www.rightmove.co.uk/property-for-sale/property-52352903.html

This house is on Maldon Road in Great Baddow and it looks as though the current owners have spent a lot of time on making sure that it looks lovely inside, so you could get yourself a property that needs nothing doing to it, just advertise and stick a tenant in it. It's got some lovely features as well, being an older style house, something that a modern box doesn't give you. The thing to bear in mind with this though, being an older property, there may be more maintenance needed to keep it to a certain standard. 

Beresfords have got this on the market for £207,995 and you would be looking at a rental price of around £995 pcm, this is where we have got our 5.7% return

If you would like any advice on buy to let, come on in and have a cuppa with me

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.