Another week almost over! One to think about for the weekend is this one on Chelmer Village. A lovely 2 bed apartment, in beautiful condition, you can tell that it has been loved by the current owners.
It has come to the market with an asking price of £175,000, about the going rate for properties in this area of this condition. Similar properties have rented for around £750 pcm. So you could be looking at an annual return of 5.1% on your investment. There maybe some service charges and ground rent that you would have to pay, so do bear this in mind when doing your calculations.
For any more advice, feel free to give me a call.
