Here at Belvoir Colchester I would like to give some advice to Landlords & Investors who are looking to buy in the Colchester and surrounding areas,
At this moment in time the market is full of good investment buys and we have a number of professional applicants looking for properties in the Colchester and surrounding areas. I want to make sure you are looking to invest in the right property for the current market and future market, now I am no “Mystic Meg” so unable to give you any solid guarantees as to how the market will look in the future but I will give you my best educated guess.
For a typical 2 Bedroom House at the moment current yields are looking as follows:
Colchester Town
2 Bedroom terrace house with parking will generate a yield of around 5.2%
Lexden
2 Bedroom terrace house with parking will generate a yield of around 5.5%
Myland
2 Bedroom terrace house with parking will generate a yield of around 4.5%
Wivenhoe
2 Bedroom terrace house with parking will generate a yield of around 4.8%
Brightlingsea
2 Bedroom terrace house with parking will generate a yield of around 5.5%
Alresford
2 Bedroom terrace house with parking will generate a yield of around 4.3%
Clacton-On-Sea
2 Bedroom terrace house with parking will generate a yield of around 4.8%
Properties in Myland, Wivenhoe and Brightlingsea would give you a solid yield and make a good investment, a lot does ride on buying the right property of course.
It’s not all about no fees, free appraisals, free EPC’s as the reality nothing is for free and it doesn’t give you sustainable profit on your business investment.
I like to think here at Belvoir Colchester we are giving you the best adviceand even more importantly than that we are giving you advice that really matters to you as a Landlord.
If you would like any further advice from me please contact me directly on 01206 589 204 or 07712 839 496 and I will be more than happy to help.
Richard Zammutt
Belvoir Colchester
