Hi there, I hope everyone had a nice weekend. I’ve got a lovely apartment that I wanted to point out for you today, it’s a 2 bedroom apartment in Chelmsford, just come to the market with The Home Partnership, on Cornflower Drive, Springfield. A great spot for tenants, the properties are cheaper here than in town and they rent just as quickly.
http://www.rightmove.co.uk/property-for-sale/property-60383162.html
This one has just come to market with a price of £164,995, it has an extended lease, 145 years remaining, which is great and also being an older property, the service charges are quite reasonable at only £90 per month.
From a rental perspective, you are looking at a rental figure on the region of £750, given the condition of this particular property, which means, you could be looking at a potential return of 5.4% for the year! Not too shabby!!
If you would like some advice about this particular propert,y or any other proprty for that fact, by all means, get in touch and I’m happy to help .
