The subject of a lack of Chelmsford property bargains over the last couple of years has always been near the top of most local landlord’s thoughts. I have built up an extensive database of every property sale in Chelmsford since the late 1990 ’s, so are able to give an objective and unbiased opinion on what (and what does not) make a good property deal /investment.
Knowing what is and what has happened to the property market in the different areas of Chelmsford (the differences of the property markets in Chelmer, Springield and Galleywood for example) or comparing the town against say Witham or Ipswich, enables me to spot any trends /opportunities for buy to let landlords.
Here are some bargains that I spotted at the time and made a note of. It’s obvious other people thought the same as some have now resold a few years later. A lovely 3 bed semi on Erick Road in Broomfield sold in the Spring of 2011 for £190,000. Admittedly it needed a some TLC and a lick of paint, but what a bargain, because they sold it again in the Summer just gone for £300,000 …. a 57.9% increase in just under three years. (Average property values in Chelmsford in the same three years only rose by 7.8% !).
Whether you are a landlord of ours or not or someone thinking of investing in rental market for the first time, drop by our offices for any advice and opinion on where the bargains are in Chelmsford. Please come and see me at our office in Dukes Road in Chelmsford.
