5.2% Yields in Chelmsford City centre…

http://www.rightmove.co.uk/property-for-sale/property-54365372.html

I hope everyone enjoyed their bank holiday weekend, albeit a bit wet wasn’t it! 

I saw this property uploaded the property portals this week and thought it was worth a mention,  there have been a couple in this development come to market recently. Going by the details, it looks relatively clean and tidy, maybe a bit of a carpet clean may be required, but otherwise, looks OK. 

Location wise, it doesn’t get much more central than this, 5 mins to the station & town and straight on to Parkway to take you round the edge of Chelmsford to access the main road links. 

This apartment has come to market with Beresfords for an asking price of £199,950, which when you compare against the going rental rates for this type of property, which I would put at around the £875pcm mark. you could be looking at a gross annual yield of 5.2%. OF course, being a leasehold property, please check out any relevant service charges/ground rents etc before jumping in head first!

If you would like any advice on buying a prop0erty for let, feel free to give me a call 01245 330500

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