Halfway through another week and, here’s another hot property coming your way. This is a really nice example of a 2 bed apartment in Chelmer Village. It’s in really lovely condition by the looks of things, having had an updated kitchen and bathroom fitted.
http://www.rightmove.co.uk/property-for-sale/property-54616046.html?premiumA=true
Similar properties in the area are renting for around £750 pcm – £775 pcm, for the nice ones, which means, when you compare it against the current asking price of £180,000, that you could potentially receive an annual gross return of 5.1%.
You will need to bear in mind though, that this will probably be a leasehold property, so there may be an element of service charges / ground rent.
My door is always open if you want to pop in for a chat about investing in Chelmsford, my office is on Duke Street
