Good morning everyone, another day has begun and I’ve got another property for you. On the market with one of our competitors, it’s a modern City centre apartment on Railway Street, within crawling distance of the station… no excuses for being late to work! 2 bedrooms, neutral decor & parking.
It looks fairly inoffensive in it’s condition from the photos, although you can never tell 100% until you’ve physically seen the property.
With an asking price of £193000 and a realistic rental price of about £875 pcm, you could be looking at an annual gross yield of 5.4%, which for a central Chelmsford property, is pretty good. Of course, these figures don’t take into account any service charges or ground rent that may be due. Before jumping into any investment, you need to make sure you look at all those little extras to make sure it is worth doing.
If you have any questions about the property market in Chelmsford, my brains are here to be picked, so feel free to come in to our office on Duke Street