Corking little Chelmsford property, ripe for Buy to Let…

Good morning everyone. Sorry it’s been a bit thin on the ground with hot properties these last few days. We had a bit of a busy time getting everyone moved in for the end of September!

Back to it now though and thought I’d start off with this little corker of a property in South Primrose Hill. Walking distance of the train station, ideal for commuting tenants.  It appears to be in fairly good condition going by the photos, but you can’t always trust this, photos can be misleading.
http://www.rightmove.co.uk/property-for-sale/property-54986282.html

This type of property is exactly that the rental market needs at the moment. With the event of a lot of new build apartments coming to market, with top end prices, the lower end of the market is getting a little bit forgotten about. This type of property will get snapped up in a heartbeat! 

Rental guide wise, you would be looking at achieving a rental price in the region of £650 minimum for it. So, when you compare this against the asking price of £144,995, could look to generate you an annual gross yield of 5.3%. 

If you would like any advice on buying a property to let, feel free to give me a call on 01245 330500

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