Good morning property hunters, thought I’d put some mid week madness out there today with this property. It’s a really lovely 2 bed apartment, which has been modernized on Brooklands Walk in Chelmsford, just off New London Road at the Miami Roundabout end.
http://www.rightmove.co.uk/property-for-sale/property-51776059.html
It has come to the market with Haart for £160,000 and you get 2 bedrooms for that! Rental wise, similar properties are renting in the region of £795 pcm all day long. So if I get my trusty calculator out to work out the yield. You could be looking at a 5.9% annual return! This is before any service charges or ground rents are taken into account, so best to check what these figures are before getting too excited. But initially, this seems like a pretty good buy to let deal!
If you would like any advice on buying to let, give me a call 01245 330500
