Happy New Year!
Good morning property hunters, I hope everyone is doing well and sticking to their New Year’s resolutions!
Whilst getting back into the grove of normality, I have come across this lovely little 1 bedroom apartment, which I thought was worth a mention. It looks to be in really nice condition (going by the photos). Location isn’t too bad, it’s not in walking distance of the station, so not necessarily going to appeal to a London commuter, but there are plenty of other professionals out there!.
Beresfords have put this on the market at a price of £145,000, which doesn’t seem too unreasonable. When you compare it against a rental amount of at least £675 pcm, you are looking at an annual yield of 5.5%, which is pretty great. Of course this is before any service charges or ground rent, so if you do decide to go ahead with it, make sure you get this information from the agents / solicitors.
We have noticed more and more buy to let investors coming to market so far this year, the competition is on. If you are serious about becoming a landlord, you can;t hang around, just take the plunge! For any advise on the Chelmsford market, feel free to get in touch with me on 01245 330500