Looking to buy to let?
Despite recent changes to both Stamp Duty and Mortgage Interest Relief linked to those buying to let, it still proves to be an attractive alternative compared to other mainstream types of investment. Returns offered on savings by many banks and building societies are negligible yet properties which are rented out generate monthly income and provide potential Capital Growth as property goes up in value over time.
For many the thought of entering this sector of the market can prove daunting mainly due to not really understanding all that’s involved. However Beresfords retain a specialist buy to let team who have been offering advice now for many years. They provide ‘hands on’ support throughout the entire process and will advise what type of property to buy and where.
Once successful Beresfords then market the property for the landlord, source suitable tenants, conduct stringent referencing and can manage the tenancy whilst they are in occupation. This proves ideal for those landlords wanting to invest but do not want to get too involved with every day matters.
We have included a few current buy to let options and if you want to explore the concept in more detail then why not contact our buy to let team for a confidential discussion without obligation.
This charming 2 bedroom cottage in Warley, Brentwood is within half a mile of Brentwood station offering good links to London Liverpool Street making it perfect for tenants looking to commute. This property is attractive and well presented with character cottage benefits. Providing off road parking and strong capital growth potential with the impending arrival of Crossrail the accommodation is ideal for buy to let.
Currently on the market for £379,950. Projected Rent of £15,600 p/a (£1,300pcm). Anticipated gross yield of 4%.
Located in the grounds of Gilstead Hall, Brentwood is this 2 bedroom mews cottage. This charming property offers well-presented and character accommodation including an entrance hall with wood laminate flooring and beams, ground floor cloakroom, lounge/dining room again with ceiling beams and double glazed French doors overlooking the garden and golf course. With a good internal order throughout and carport this will prove to be very popular with tenants. Strong capital growth potential.
Currently on the market with an asking price of £367,000. Projected Rent of £15,000 p/a (£1,250 pcm). Anticipated gross yield of 4%.
Set in a popular area in Springfield, Chelmsford is this three bedroom terrace house, perfect for buy to let investors. Externally the property has a 50' rear garden with rear access, as well as two allocated parking spaces. The property has been maintained to a good standard with double glazed windows and doors, modern kitchen and diner and a modern three piece bathroom.
Currently on the market for £290,000. Projected Annual Rent of £13,800 p/a (£1,150 pcm). Anticipated gross yield of 4.75%.
Situated in Braintree is this 1 bedroom retirement property. The accommodation is in good decorative order throughout and benefits from a double bedroom, lounge/diner, kitchen and bathroom, communal facilities including laundry room, outside terrace and secure parking. Providing excellent yield and with an unexpired lease of 68 years it is a great buy to let option. Annual maintenance charge of £2,710 p/a and ground rent of £300.
Currently on the market for £80,000. Projected Rent of £7,200 p/a (£600 pcm). Anticipated gross yield of 9%.