A little further out of the city centre, you can get a bit more for your money. This property has come to the market for £190,000 and is a 2 bedroom maisonette with 2 parking spaces and a garden, located in the very popular area of Chelmer Village. A similar property to this in the city centre would be way in excess of 200k!
Rental wise for something like this, you would be expecting to achieve around the £800 pcm ball park, so could be looking and a fairly healthy 5% return (gross) for the year. What are you getting with your savings account at the moment?
Investing in property, can be scary, but as long as you are well informed, it shouldn’t be a disaster. I want to make sure that anybody looking to jump into being a landlord, does it the right way. I will always give my honest opinions on what does and doesn’t work well. Together we can get it right for you. Why not pop in for a cuppa when you are next in tow, my office is on Duke Street. Give me the heads up and I’ll make sure the kettles boiled ready!
