This could be an opportunity to grab yourself a lovely buy to let property, I believe. It’s a nice 3 bed semi in one of Chelmsford rental hot spots, Chelmer Village. Being a 3 bedroom house, means that it will appeal to families who are looking to get into the area for schooling.
I generally pick out lots of city centre flats which appeal to the high flying professional type, but there is so much more to the rental market in Chelmsford. We musn’t forget about the family market. this is good area to tap into, because you generally end up with a longer term tenants. Families look to get into a property and stay there to prevent disruption to their children.
This particular property is currently on the market for £250,000. You could look to rent this out for around £1000 pcm. This could look to generate you a potential annual return of 4.8%. Better than what you can get with savings in the bank!
IF you would like any advice on where to buy your investment property, feel free to give me a call on 01245 330500, I’m always happy to help.
