Good Morning everyone, how are you all getting on with your Christmas shopping? I’ve seen a great property in Chelmsford which would be a fantastic way to treat yourself this year!
It’s on a road called Joseph Court, which is just off of Writtle Road in Chelmsford. It has just come to the market with Beresfords and has an asking price of £210,000.
The property itself looks to be in quite good condition, all neutral throughout, modern, it also benefits from having an en-suite and allocated parking.
Looking at the rental side of things now, you could look to expect a rental amount of £850 pcm, which if we work out against the asking price of £210,000, could potentially generate you a yield of 4.8%. Of course, this is before any service charges / ground rents are taken in to account, so make sure you calculate these to make sure that the return still works for you.
As always, if you are interested, book a viewing to get round there and see what you think of it.