Saturday, 1 November 2014
Faversham - 2 bedroom apartment - yielding 5.76%
As I sit here in the office, sweltering in this balmy winter heat, who would believe it's the 1st of November today. At this rate, I reckon we'll all be having barbecues on Boxing Day!!
OK, back to business......... this morning in my usual scan of the property portals, there were a number of properties that came on the market and again, one of them 'jumped' out at me as a good investment.
It's over in Faversham and has come onto the market with Your Move, at a price of £125K, which looks OK. Maybe a few thousand could be shaved off this with a bit of haggling....... and as ever, 2 bed apartments are in great demand and should rent swiftly with quality / fully referenced tenants. The rental figure should be circa £600 per month (possibly a bit more), which will give you a yield of 5.76% (at £600 per month), which is good. In addition, there's no chain with this one, so the buying process should also be fairly swift.
Check it out further at http://www.zoopla.co.uk/for-sale/details/34994866#3bQjsT2UrKbkWiy3.97 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.