2 Bed Apartment in Canterbury with a yield of 6%

When we look at the Canterbury property market, the most common type of property that's in demand by the ever growing rental market is the two bedroom apartment. These properties rent all day long and due to their strong demand, it enables agents / landlords to get good quality tenants, who will reference well and look after the property.

 

This morning, I was looking through the 'new arrivals' on the market for one of my investment Landlords in Littlebourne. He was looking to purchase another property for his ever growing portfolio and this property caught my eye.

 

This two bedroom apartment is located on the Homersham estate, on the west of the City, and again a great area for tenant demand. An interesting additional point, is that the Homersham area has done well this year, with a capital growth of 8.98%.

 

Back to the property... it's come on the market this morning at just under £170K with Godwin & Curtis. The interior shots look good and, yet again, there's does not appear for any works to be handled prior to tenants moving in, which again is good news. This will rent out for circa £850 per month, which in turn will give you a gross yield of 6%, which is spot on.

Check it out at http://www.rightmove.co.uk/property-for-sale/property-32531469.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.