Thursday, 2 October 2014

Ospringe Road Faversham - 2 bed - 5.14% Yield

Morning 'Prop pickers''. Another day, another deal! Again, we heading back to the fab and popular market town of Faversham. We have a number of similar properties that we manage in Faversham and the great point(s) about this market, is that a) there is a great demand for these two bed properties and b) due to the demand, we always manage to find good quality tenants, that reference really well and look after the properties.

This one came on the market this morning, with Your Move at £175K, which we believe that with a bit of 'haggling', the price may come down a bit more. As mentioned, these properties are in great demand and we reckon should rent for circa £750 per month, which then delivers a strong yield of 5.14%. In addition, these properties have delivered a really good capital growth over the past 5 years in Faversham, with an increase of 17.72%.

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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