Chelmsford City Centre apartment with a 5.6% return

http://www.rightmove.co.uk/property-for-sale/property-51155800.html

This modern 1 bed apartment is in the popular Marconi Plaza development which is within easy reach of Chelmsford City centre and the train station, ideal for the professional tenant market. This property is also currently tenanted and has the option to be sold with the tenant in place. 

It has just come to the market for offers in excess of £170,000 and you are looking at a monthly rental amount of £800 pcm, therefore, if you bought it for the bottom line price of £170k, you are looking at a potential annual yield of 5.6%, even if you had to pay £175,000 for it, you still would be looking at an annual yield of 5.4%!.

These properties are getting snapped up like hot cakes at the moment, so if you are interested, get in touch and we can sort you out a viewing.
01245 330500 / sales.chelmsford@martinco.com

Welcome

This blog follows the buy-to-let market in Chelmsford. You'll find tips, guidance, and analysis that relates specifically to Chelmsford and you'll also find properties from all the estate agents in the town on here that may make decent investments. I operate Martin and Co in Chelmsford and if you're thinking of buying a property to let in Chelmsford, I'm happy to offer a second opinion.

Meet the Author

Stephen Frost FARLA ANAEA

Hi, and thank you for visiting this blog. I have been in the Chelmsford Property market since 2008, owning and running with my excellent colleagues, the Martin and Co office in Chelmsford. I am also a Buy to Let Mortgage Adviser helping Landlords like you. I have always shared my thoughts on the local property market in Chelmsford with my landlords, but now I want to share with everyone in the town. On this blog, John and I will talk about what is happening in the town's property market itself, even looking at specific streets or housing estates. At other times, we will post what we consider decent buy to let deals. Some will be on the market with me (as we also sell property), but others will be on the market with other agents in Chelmsford. We like to look at the whole of market and give you, what we consider the best investment opportunities.I am a very experienced Estate Agent and a Fellow of ARLA (The Association of Residential Lettings Agents). I have 25+ years’ experience in the local Property Market, starting as a Trainee Sales Negotiator for a Corporate Agency. Working my way up through the ranks I have spent my entire working career in the Customer Service Industry. Born in Chelmsford, I am married with 4 Children. In my spare time, I enjoy spending time with the family, playing golf and going out for a run!

Co-Author

Co-Author

John Frost CeMap
I have over 5 years experience within the property industry, including experience in the mortgage/finance industry. I have been a big part of the Martin & Co family for the last 12 years, being the son of the big boss! I have a passion for helping people move! In my spare time, I enjoy taking the dog for a walk with my wife, playing golf and spending time with my family.

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