Wednesday, 22 October 2014

Canterbury - Inside City Walls - Yielding over 5.5%

Morning all, on this bright and sunny morning here in Canterbury! A bit of a chill in the air, so winters on it's way.....
 
Today, we are back into Canterbury for todays hot investment tip and this morning I have found a good property in an apartment block that does not come onto the market that often.
 
It's been put on the market by Locate and is being offered for a figure of just under £140K. I suspect that it's also quite likely that there is an offer to be made, so the purchasing price could drop a few more thousand.
 
As previously mentioned in other blogs, these one bed properties, inside City walls, are in high demand and will rent out for circa £650 per month, all day long, with good quality tenants.
 
The above being the case, calculated on the above figures, this property should give you a yield of circa 5.57%, which again is above the benchmark 5%.

See further details at http://www.rightmove.co.uk/property-for-sale/property-48075776.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.