Thursday, 4 December 2014

Family 4 bed house - Larch Close - Hersden - Yield 6%

Today, there's an interesting house that has come onto market which has caught my eye. It's of interest, as these properties don't come onto the market too often and are in good demand with families in the Hersden area.
 
It's on the market for £200K with Miles & Barr and looks like it's been reduced for a quick sale. I reckon that this is a 'repossession' due to the speed that the price has been dropped and the lender is possibly looking for a quick sale.

Check it out further at http://www.rightmove.co.uk/property-for-sale/property-32907573.html


Based upon the asking price of £200K (and I still believe that there's a deal to be done to reduce even further!), you would expect a yield of about 6.00% for a monthly rent of circa £1000 per month, which is excellent!!

Give them a call for a viewing!

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.