1.Moulsham Street 2.Bond Street, The Hub 3.Brook Street Flats (above Fitness First gym) 4.Behind the train station (in Townfield Street or Victoria Crescent)
Prices range from around ?700 per calendar month to ?1300pcm whether the property is furnished or unfurnished this does not seem to affect the price a great deal.
Moulsham Street has lots of little two up two down cottages with original character features and small gardens. The downside is these cottages tend not to be decorated to a high standard. The upside is Moulsham Street is it has many shops, restaurants and pubs. You can pop to the bakery and newsagents on the Saturday morning to grab croissant and a paper. Although Moulsham Street can be loud when the pubs close, and if there is ever a fight in Chelmsford it will inevitably be in Moulsham Street.
The Hub is ?the? place to rent at the moment, as it is situated on the waterfront, just behind the high street, opposite Tesco, close to the train station, and above the swish restaurants Loch Fyne and Prezzo. The Hub is cool. It is the only place in Chelmsford where you can get hold of a Penthouse apartment (apposed to a flat)! It is a brand new building with modern interior with laminate flooring, stainless steel work surfaces, and a balcony. The downside is you pay a fortune to live here, and there is no character.
Brook Street flats are a favourite, the building looks like an old converted warehouse with huge windows and character. You can get a good price renting a flat here as it is situated above the gym Fitness First, next to New Street Restaurant, close to the train station, and Chelmsford town centre shops, and restaurants. A huge benefit to living here is very little noise. The downside is you have to compete for parking with gym members of Fitness First. Behind the Train Station there are a couple of roads with mill cottages most of which are mostly rented as opposed to owner occupied (Townfield Street, and Victoria Crescent). If you are commuting to London each day these would be a top choice. The interior of these cottages are varied in terms of d'cor, character, and size. But for the same price as a flat you can get a house, with a garden.
Why rent out your new property abroad? Lots of second-home owners decide to rent out their property abroad. In most cases, the rental income helps to cover the costs of buying and maintaining the property and, over a period of time, can start to bring in an additional income for the owners. Renting out your property is a risk though, and you should make sure you've investigated the rental options before you start advertising.
Who will rent your property?
You need to decide who you want to rent your property to. If you haven't yet bought a property abroad, you'll need to decide on a location that will appeal to your target rental market - so for singles or young couples, you will want something that's close to the nightlife and for families, you want something that has good beaches and shops nearby. Once you have decided on who you're going to market your property to, you can begin to think about how to manage the rental process.
Renting through an agent
If you have a property abroad but are still living in the UK, it may be wise to use a rental agent to manage your property. An agent will take a percentage of the rental as a fee, or negotiate a fixed fee with you for each year, or holiday season. For this fee, they will usually handle the advertising, booking and management of the rentals, including cleaning and maintaining your property. This saves you a great deal of time and potential hassle with difficult renters. On the other hand, the rental agency might limit the periods that you can use the property, in order to fill the property with rental clients at peak times. If you are investigating using an agent, make sure you know exactly what they will charge; what they will do for the fee you're paying; and what restrictions will be placed on you.
Renting by yourself
You can, of course, manage the rental process by yourself. You can set up a good website for a relatively small cost and advertise in your local newspaper or in specialist travel publications. You will need to be organised though, and you will also need to pay someone to prepare your property abroad for guests and to handle any maintenance problems that may arise. You get to keep all the income, but you have to work hard for it.
There are many issues to think about when it comes to renting your property abroad. Make sure that you investigate all your options, and remember that either the UK or the country your property is in will tax you on the income you are making.
Both Gary Marshall & Craig Broadbent are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Gary Marshall has sinced written about articles on various topics from Jamaica Vacations, Travel and Leisure and Property Guide. For more advice and information on Chelmsford Property Rentals please visit . Gary Marshall's top article generates over 550000 views. to your Favourites.
Craig Broadbent has sinced written about articles on various topics from Property Investment, Computers and The Internet and Real Estate. HolidayHomeNow has been set up to provide useful, practical information for those people researching and looking into buying a second property or holiday home abroad. For more information have a look at their website. Craig Broadbent's top article generates over 22200 views. to your Favourites.