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.
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