Another opportunity has arisen in this lock for a nice little investment property. This particular example has come on the market with Balch for £185,000 and is in lovely condition, it also has the added benefit of having some personal outside space, great for an apartment. This will make it stand out from the crowd.
The rental market is still incredibly strong with demand at an all time high, compared with the supply which is low, a great market for landlords! This type of property at the moment would rent in the region of £825 pcm, which would look to generate you an annual yield of 5.3%. This of course doesn’t take into account any ground rents or service charges though, so be sure to check those out if you are interested in this one
We recently managed to help one of our Chelmsford Property blog followers buy a lovely 2 bed apartment in Springfield, once this goes through to completion and we let it out for them, they will be looking at a return of just over 6% before additional costs!
If you would like us to help you find your next investment property, drop me a line at stephen.frost@martinco.com
