This apartment is rather nice looking and would probably appeal to a wide range of tenants, it’s in Great Baddow which is close enough to the city to be attractive for commuters, but far enough away for those who have had enough of the hustle and bustle of City living.
This particular property has a guide price of £180K – £200K, but considering the rental prices of these apartments at the moment being around the £875 pcm mark, it’s a good return regardless of where in that price bracket it falls. At the higher price end it would generate you an annual return of 5.2%, but if you managed to get it at the lower end of the price bracket, you could be looking at an annual return of 5.8%.
Properties of this quality are not hanging around at the moment, so don’t delay, get down to the agents now to register your interest.
If you would like any advice on any aspect of buying a property to let, feel free to give me a call 01245 330500