For Sale £230,000
Victoria Court is the new destination especially in summer given that the famous horse racing events inChelmsford City Racecourse are held there which is a major attraction for the Gulf investors and tourists. The location is only 40 minutes far from central London by train, 5 minute walk to the beach, 8 minute walk to the University of Essex and just 8 minute drive to Essex Airport. Capital Growth is nearly 9% whereas the rent return is between 7% to 8%.
This is a great investment if your client wishes to reseller near completion or rent the unit/units out during anytime of the year.
There are major perks if they wish to rent it out during the year, the client would not pay council tax (the tenant pays it) nor maintenance and service charge, so basically they don’t have to worry about anything. Another good option is that they can own the apartment once they sign the contact with us and pay only 20%, then they can sell it later on and they will not have to pay stamp duty at all and they will make very nice profit.
Victoria Court is now the new Brighton, because Brighton has become crowded with very high competition that capital growth is unlikely to grow higher, and prices in Essex is cheaper. Moreover, Brighton has been undesirable for a while now due to some changes in its overall social status quo that for some reason in my knowledge Gulf tourists and investors are refraining from buying in Brighton as much as before. Brighton’s beach is not clean and is rocky, in addition to the fact that Victoria Court is much more closer to London than Brighton either by car or train.