This sort of thing is exactly what the rental market needs at the moment! There is so much high demand for 2 bed houses, we can’t keep up with it.
http://www.rightmove.co.uk/property-for-sale/property-32638473.html
If you can get hold of a nice modern, 2 bed house, you will not have any problem in getting it let. We rented a very similar house in this road last month for £950 pcm and it flew out the door.
This is another prime example of yield vs capital growth as this would gross you an annual yield of 4.8% which isn’t the best you can get in Chelmsford, however this house was sold 2 years ago for £195k, so if it achieves asking price, in 2 years it’s value has increased by 20%!
If you would like any more advice on buying to let, feel free to drop me an e-mail stephen.frost@martinco.com
