These little starter homes are really popular with tenants, because the location’s great and they are very affordable, being around the £650 pcm mark.
This house is on the market for £159,995, I would try to put in a bit of a cheeky offer of about £155k though as this is what most of them are selling for in the area. If you could get it for this price, this would generate you an annual yield of 5%, which is about the going rate in the Chelmsford area at the moment.
If you are looking to invest in the area and want some advice, just drop me an e-mail on stephen.frost@martinco.com
