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 http://www.rightmove.co.uk/property-for-sale/property-32099979.html
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.
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