When it comes to investing in property, you need to carry out proper detailed research. While there may be emotional or convenience factors that influence your decision on where to invest in property, it is important to think about the financial return you hope or expect to receive from investing in property. The right location can have a huge impact on the return you expect to receive, and given that many major towns and cities have experienced rapid growth in property prices, a lot of people are looking further afield to find value for money and long term growth when it comes to building a property portfolio.
Great Baddow is an urban village and it is located very close to Chelmsford. With a population of around 13,000, Great Baddow is recognised as one of the largest villages in the whole of England. With the centre being regarded as a conservation area, it is easy to see that Great Baddow offers a quiet way of life. Its close proximity to Chelmsford, which itself offers fast and easy links to London means that Great Baddow residents can enjoy the best of both worlds.
Great Baddow is an example of an area that appeals to families, couples and young professionals who are keen to enjoy life away from work while minimising the stress and hassle of working life and daily commutes. This means that there is some logic behind investing in Great Baddow property, but to feel confident about a property investment, it is vital to look at the sums involved with any purchase.
While current property prices are fluid and change regularly, it is good to look at local markets and take a snapshot of property prices. A leading online property portal has a number of listings for Great Baddow property, with the prices running as follows:
Property prices in this area have risen but they are expected to continue rising, which means that there should be a short and long term return and benefit for property investors in this area.
With respect to rental yield, every investor should have a level of return that they are aiming for or are comfortable with. Many industry experts suggest that a rental yield of 4% is of benefit, offering a good annual return while also providing the long term asset. In the CM2 area postcode, which covers Great Baddow, the rental yield of a one bedroom property is 6.13%. This is clearly above the recommended investment level of 4%, and this should be seen as a good investment opportunity for buy to let investors.
There is also the fact that two bedroom properties in Great Baddow provide a 4.94% rental yield, and this would also be regarded as being a suitable return by many investors. The level of return that you are happy with is a personal decision and something that you need to be comfortable with but taking guidance from a member of the Bond Residential team is a smart suggestion and anything above 4% should be viewed as being more beneficial.
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