Saturday, 27 September 2014

Great investment property in Seymour Place, Canterbury which could yield close to 6%

Here's an interesting property that's just come on the market in Seymour Place in Canterbury. It's on the market at £150K (offers in excess of) with Connells. At this sort of price, this looks a good investment property. In addition, they are also showing that the property is Tenanted, with the tenant paying £700 per month rent.
Now based upon these figures, this will yield circa 5.6%, which is not too bad. Delve a bit deeper and let's say that the property was given a 'lick of paint', I would reckon that the rental figure would be closer to the market rate of £750, which in turn makes it now closer to 6% yield, which is getting even better!
In addition, the agent has disclosed that it's Chain Free! It just gets better! Give them a call and check it out further.

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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