Good morning everyone, I hope you all had a good weekend.
Now, I saw this property come to market recently and thought it was worth putting it out there for all you potential landlords.
Please excuse the outside image, it doesn’t make it look very appealing, I know, but inside it does look quite nice and would appeal to potential tenants. Tenants would pay around £725 pcm for this type of property, as this is what similar properties are going for in the area.
This Chelmer Village House has come to the market with Jordans Property Matters for a price of £169,995, which doesn’t seem too unreasonable in the current market. It is also freehold, which is a bonus.
So, if we do our yield calculations, based on these figures, you could be looking at a a gross annual return of 5.1%. Not bad for a little 1 bed house!
If you would like any more information about buying to let, feel free to give me a call 01245 330500