Faversham - 1 bed - Yielding a healthy 5.52%

The markets has been fairly quiet in the last few weeks on the sales front, therefore I was pleasantly surprised when this little gem came on the market this morning on Rightmove.

It's located in the market town of Faversham and would make a cracking investment property, either as a first time investor or as a 'bolt on' to an existing portfolio.

The property is being placed on the market for £125K by Your Move. Judging by the photos / presentation, I would reckon that there's a deal to be done here, which should shave a couple of thousand off the asking price, which is where the money is made, i.e. at the buying stage, not at the selling!

Again, these properties are in great demand in the rental market and will rent out all day long at circa £575 per month. With such a rent, we would reckon on gaining a yield of circa 5.52%, which is somewhat better than what the bank / building societies are giving you on your savings these days.

Check it out at

http://www.rightmove.co.uk/property-for-sale/property-49288622.html?utm_content=v2-ealertspropertyimage&utm_medium=email&utm_source=emailupdates&utm_campaign=emailupdatesinstant&utm_term=buying&sc_id=14311185&onetime_FromEmail=true

 and give them a call!

 

 

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.