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 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.

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