Property type: Two-bedroom apartment
Asking price: £260,000
Yield: 4.59 per cent
Our Investment Property of the Month for May is this contemporary two-bedroom apartment in the heart of Chelmsford.
Just minutes from the city’s train station, the property is part of the popular Capital Square development. The combination of a central location and high-quality interior ensures the apartment will always be in high demand.
The property is currently tenanted and generates an annual rent of £11,940, meaning the yield stands at approximately 4.6 per cent. There is also a great opportunity to enjoy significant capital appreciation in the coming years.
With a tenant in situ and committed to an assured shorthold tenancy, investors can buy this apartment safe in the knowledge that they will achieve a return from day one.
Further advantages of investing in such a modern property include the potential to benefit from only minimal maintenance and repair costs, as well as its immense kerb appeal to prospective tenants.
The apartment itself is comprised of a spacious lounge-diner, a modern kitchen and two bedrooms. There is also a family bathroom and an en-suite to the master bedroom.
It is available now with no onward chain, making it a shrewd investment in a booming south-east city.
For more information on this property please contact Leaders in Chelmsford.