Calling all potential landlords!! Not sure what to buy? try this one on for size!
A lovely little 2 bedroom house in the Newland Spring area of Chelmsford. This area is quite popular with families due to the schooling, so to buy an investment property in this area, should be a good bet right?
This house is on the market with Leonard Gray for £200,000. It maybe could benefit from a freshen up in the paint department and maybe a couple of new carpets, but nothing too drastic. Once brought back up to standard, you could be looking at a rental amount of £850 pcm. Based on these figures, you are going to be looking at a potential return of 5.1%.
These little properties are selling like hot cakes at the moment, so don;t hang around, call Leonard Gray sooner, rather than later!
