Now, this property is ideal if you are looking for a city centre apartment for investment purposes. A little bit more outlay compared to the others I have posted out this week, being on the market for £225,000, but it is the right price, we have just sold a similar property in one of the nearby blocks for this price.
With a higher purchase price, you usually do get higher rental prices though, so it is all relative. This type of property would rent in the region of £900 pcm. Therefore you are looking at a potential annual yield of 4.8%, which for a Chelmsford city centre property is about the going rate.
It’s located on Primrose Hill, within easy reach of the train station, so this one will appeal to that all important London Professional market, as long as it is presented well, which this one seems to be and is clean, you should have no issues in renting it out.
If you decide this one isn’t for you, but would like any advice on where you should (or shouldn’t) be buying your buy to let property, come and see me for a cuppa and a chat
