Friday, 29 August 2014

Investment alert! Hidden treasure!

On my daily 'trawl' through Rightmove, this little beauty looked good at first glance, but after a few calculations it looks like a piece of hidden treasure!!

It's just arrived on the market with Sandersons and is currently being offered at £254K. The price looks about right, but a bit of 'haggling' should get it reduced a bit further. Even at this price and a monthly rent of £1155, it's returning a healthy 5.66% yield.

Now this is where it gets better! On such a property the rent for students (and we have a number of similar examples) should be circa £1400 per month, therefore the 'real' yield will be in the region of 6.86%! It just gets better and better!

Check it out today at

Should you wish to discuss any other specific properties or just a general chat re the current market, please feel free to contact me on 01227 455717 or call in and see me at 23 Watling Street in Canterbury.

Great investment! Canterbury City Centre.

Here's a great little number that's just come onto the market with Rightmove, listed by Godwin Curtis. It's located in the popular Black Griffin Lane area, where demand and rents are both high.

This one already has tenants and with a rental figure of £1050 per calendar month, giving a yield of 5.25%, it's a 'no brainer' in my book.

You won't even have to handle any works on the property, as it looks 'good to go'!

Check it out at

This won't be on the market for long!

Wednesday, 20 August 2014

Canterbury or Whitstable: Which is the best place to buy in?

At a recent Canterbury business leaders networking event, I was asked by a local accountant on the best place to buy a property for investment in the area. This is a question I am often asked at least once a week by existing and soon to be first time landlords in both Canterbury and Whitstable areas of Kent. Both places have similar average property values, so would you expect them to perform the same?

The average property value in Whitstable is £289,700 and in Canterbury is £291,300, whilst the average rents are £874 per month in Whitstable and £1,124 per month in Canterbury. This gives Whitstable an average yield of 3.6% whilst in Canterbury its 4.6%. Interestingly, property values have increased by 8.3% in the last 12 months in Whitstable, yet Canterbury is not far behind, with average property values increasing by 8.0% (interestingly over three quarters of that rise has been since Christmas 2013). Just for comparison I looked at Herne Bay and the average yield in Herne Bay is currently 3.45% a year and property values have risen from £211,400 over the last 12 months to today’s average value of £225,200, a more modest rise of 6.9%.

Investing in property is all about what you buy the property for (i.e. capital growth). You make your money with your buying value, rather than your eventual sale value. Over the last ten years, property values in Whitstable are 18.6% higher than they were in 2004, whilst they are 23.2% higher in Canterbury and so have you missed the boat in both places? Interestingly, the housing market in Canterbury saw some impressive house sales, with prices to match earlier in the year. Recent surveys by Rightmove suggest it is only taking 6 weeks to find a buyer in South East England. However, not everything is selling. At the time of writing this report (early August), of the 287 properties that had come on the market over the last 56 days, only 110 were sold stc, (or only 38.3% of house sellers had found a buyer), meaning over 60% hadn’t sold and it these where you can find your bargains if you look hard enough.

If you would like to pick my brain on anything to do investing in the Canterbury, Whitstable or Herne Bay property markets, feel free to pick up the phone, email me on  or pop into offices on Watling Street in Canterbury.


Friday, 15 August 2014

Canterbury Deal of The Day with a 5.3% Return!

At the moment, there are a lot of properties to choose from in the Canterbury area, so picking yourself up a great deal, is quite likely. These little terraced houses offer a good prospect for rentals, these tend to go around £800 / £825 pcm, depending on condition. This one looks like it has had some updating already, so probably ready to go, with minimal work, if any required. 

This is being advertised with Connells at a guide price of £179,995, therefore you could potentially have a buy-to-let property generating you a yield of at least 5.3%. Mark my words, this one won’t be around for long!

If you are looking around and see a property that you like the look of and want some advice as to ‘rent-ability’ and honest rental price guides, drop me a line, I'm happy to help.

Saturday, 9 August 2014

Property values rise by £877 per week in Canterbury

Last week, a landlord who lives in Faversham, came in to our office to discuss the rising property values in the area. He owns a varied portfolio of rental properties, primarily in Canterbury and Faversham with one in Sittingbourne, so it was interesting to compare the increase in property values around the area.

Over the last three months, in Canterbury, average property values have risen from £280,800 to £291,300, a rise of £10,500, or £877 per week. When I looked at some of the surrounding areas, Sittingbourne has had a lower average increase in property values, at around £716 per week, whilst Faversham has a similar modest rise to Canterbury, with an average increase of around £809 per week. A rise in all the town’s average property values which suggests the market is recovering quite nicely in our area of Kent – good news for home owners and landlords alike.(Unless you are in Herne Bay, where it’s a more modest £577 per week).

When considering this landlord’s buy to let portfolio, yields can be in the order of 4% to 5% per year in Canterbury, depending where you buy, so combine that with steady rental growth, excellent increases in capital values of the properties themselves and it could be a good time to invest in the property market in Canterbury as property values start to rise.

If you would like some advice about buying to let, be you a landlord with a portfolio or someone thinking of investing in the rental market for the first time, please feel free to pop into our offices on Watling Street for a chat about the property market in Canterbury. However, if you can’t get into town, feel free to email me on with any questions or any properties you want my opinion on.

Wednesday, 6 August 2014

Cracking investment deal! Check out the yield!

Calling all investors!! Here’s a great one that’s just come on the market with Your Move. The main attraction that caught my eye was the potential yield of circa 7.4%, with a student let of £1050.00 per month.

See further details here:

It looks in fairly good condition and should be ready to rent out immediately. Whilst there are a number other student properties available on the market, this one would be at the top of my list!
If you are looking around and see a property that you like the look of and want some advice as to ‘rent-ability’ and honest rental price guides, drop me a line, I'm happy to help.