The good deals are all coming on this week. I noticed this one this morning on Rightmove, a lovely little 1 bed house in Chelmer Village. This would be great for a buy to let property to add to your portfolio. It is on the market for £135,000, which I don’t think is too unreasonable. similar properties have sold in the area for around £150,000!
This would rent in the region of £700 pcm as we have rented one recently in the area for this price, generating you a gross yield of 6.2%.
You may have to double check if there are any maintenance fees to pay, because although it is a house, there are communal grounds which may need to be paid for to be maintained.
If you would like any advise on buying to Let, just drop me a line and I’ll be happy to help.