Good afternoon everybody. On my
morning check of the market, the following property not only caught my eye, but
made me look again to make sure the price was right! It’s a snip!!
It’s a one bed apartment in the High
Street at Herne Bay and the asking price with Your Move is £95K. As ever, these
properties are in constant demand and will let out all day long for circa £550
/ £600 per month. What’s more impressive, is that it’s been refurbished to a
good standard, which again will make it very attractive for the rental market. Therefore, it's good to go from day one!
Now here comes the interesting
part….. if we were to calculate the yield based upon a conservative £550 per
month, the yield is nearly 7%, yes 7%! At £600 per month, we now get 7.58%
which is a really serious yield!
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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