Morning Prop Pickers. Calling all
‘Homes Under The Hammer’ enthusiasts, this is just the one for you!
This interesting property has
just come onto the market in Whitstable Road, Faversham with Miles & Barr
for £150K. From the outset, they are being totally upfront and saying that a)
it requires modernisation and b) cash buyers only. Therefore starting from a
base of £150K, plus a refurbishment of say £30K (max), this takes us to a
figure of £180K. Now it gets interesting!
These properties, should rent out
for circa £900 per month, which would give you a cracking yield of 6%! Try
getting that from the bank! Of interest, I spoke with a Landlord last week who
told me his bank offered him a savings rate of 1.9% on £250K………what a laugh!
Check this one out further at http://www.rightmove.co.uk/property-for-sale/property-47832334.html
and give them a call. I don’t believe
that this one will be around for long!
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 / canterbury@martinco.com or call in and see me at 23 Watling Street in Canterbury.
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