I’ve thrown a few properties out there recently which would appeal to the people looking for rentals in the quieter parts of Chelmsford, but we musn’t forget about the professionals who need to be close to the station. This property fits that bill quite nicely. It’s modern, it has parking, you can walk to the station and the High Street and it also has a balcony.
This type of property would easily rent out for around £850 pcm at the moment, on a good day, you may even be able to push that to £900 pcm. But even basing it on the conservative lower figure, it would still potentially generate you a gross annual yield of 5.1%, based against the current asking price of £200,000. If we look at the top rental figure, this could boost the yield to 5.4%.
All in all, not bad eh?
If you would like any advice on buy to let, feel free to give me a call 01245 330500
