Chelmsford City centre apartment with a 5.5% yield…

http://www.rightmove.co.uk/property-for-sale/property-52754699.html?premiumA=true

Good morning readers, I came across this property this morning, and it;s a cracking little buy to let opportunity. It’s just off Broomfield Road, opposite KEGS, so location wise, can’t get much better for a commuter. These flats are really popular in the renting world, so don’t miss out, get in touch with the selling agent now!

The price for this property is £172,000 and the rental potential would be around £795 pcm. we rented a 1 bed in the same block for this price and it flew out the door. This means you could be looking at a potential yield of 5.5%, this is before any service charges & ground rents though. 

There seems to be quite a few properties coming to market at the moment, so it is even more important to make sure that the property you buy is a good investment property. I’m always happy to offer my opinion on properties, if you want to drop me an e-mail with a link. stephen.frost@martinco.com

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