We are at the end of another week now, Christmas seems like a distant memory now!
This apartment caught my eye, it is one of the large designs of 2 bed apartments within this development, which means that it has an en-suite and fairly decent sized rooms. It also looks to be in pretty good condition as well. The current owners have clearly loved it.
http://www.rightmove.co.uk/property-for-sale/property-52679485.html
The selling agent have suggested a guide rental of £825 pcm, which I would tend to agree with, so when we do our calculations against the asking price of £175,000, you could be looking at a potential gross annual return of 5.6%.
This is again prime renter territory, the development is known as ‘The Village’ and is popular with tenants as it is still within easy reach of the station and Chelmsford City centre.
If you would like to pick my brains on any aspect of buying to let, feel free to pop in for a coffee, our office is located on Duke Street
