Top three buy-to-let properties in Essex and Suffolk
With average rent paid by tenants across the region continuing to rise, demand for buy-to-let property remains high. Like any investment, buy-to-let comes with no guarantees, but for those who have more faith in bricks and mortar than stocks and shares Fenn Wright has some great investment opportunities on the market.
Here are three of the best potential investment properties:
Witham, Essex, £330,000
With a tenant in place until August 2018 this three-bedroom semi-detached house offers a great investment opportunity.
Situated close to schools and local amenities the property is within easy access of transport links, including the A12 and Witham’s mainline railway station, with direct trains to London Liverpool Street.
Offered chain free, the property has a fitted kitchen, good sized lounge and separate dining room, four bedrooms, a family bathroom plus off-road parking and integral garage.
Joseph Hall, head of business development, lettings, at Fenn Wright, said: “This is a super investment property, Witham is a thriving market town, providing a good location for commuters going into London as well as those working a little closer to home in Chelmsford or Colchester. With no onward chain and a tenant already in situ this could provide a simple and easy option for buy-to-let investors.”
View property details here
Great Cornard, Sudbury, Suffolk, £270,000
This smartly presented four bedroomed townhouse is offered with no on-ward chain and could be an excellent buy-to-let investment. With accommodation arranged over three floors, the modern home benefits from gas fired central heating and double-glazed windows and is positioned a short walk away from Cornard Lock on the stunning River Stour.
Situated in Great Cornard, a large village located just outside the thriving market town of Sudbury, the property has a family bathroom and en-suite, fitted kitchen, rear facing lounge with French doors opening onto decking and the rear garden, and an allocated parking space in the cart lodge.
Joseph commented: “Demand for quality accommodation to rent is still out stripping the supply of available stock and we expect this to continue. Whilst it is not on a main commuter route this property in Great Cornard is only 13 miles from Colchester and just over 30 miles to Stansted Airport; making it a really interesting buy-to-let opportunity”
Belstead Road, Ipswich, Suffolk, £125,000
If you are looking to invest a little less this property could be for you. Fenn Wright’s Ipswich branch has a one bedroom first floor apartment which is being sold with a tenant in occupation and so is only available to buy-to-let investors. The apartment is well presented throughout with a modern kitchen and bathroom and a sizeable sitting room with large bay window. It has gas-fired central heating and is situated within easy walking distance of Ipswich mainline railway station. There is a communal garden and parking area.
The tenant has been in occupation on an assured short-hold tenancy for approximately 6 years and pays £595 pcm.