Monday, 15 December 2014

5.47% yield in Faversham - Good investment property at the right price!

Morning 'prop pickers'! Despite the pre-Christmas 'lull' in the property market, it's good to see sellers 'dipping their toe' into the property market!

Today (and it's back to Faversham) this property has caught my attention, as it appears to tick all of the boxes for a good investment property, whether it's a 'starter' property for a first time Landlord or as an addition to an existing property portfolio.

It's been placed on the market today, by Miles & Barr in Faversham for £169,995, which is about right for such a property, although it's possible that a few thousand could be shaved off this figure. As ever, such properties are in great demand for couples and families and should rent out for circa £775 per month. Based upon these figures, this would give you a healthy yield of £5.47%.

From the interior photos it looks in good shape and does not appear to require any works before putting on the rental market.

Take a look at http://tinyurl.com/qj8hrzj 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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