Thursday, 26 February 2015
Herne Bay - £95K - 7.8% yield!! (yes, you have read this correctly...........)
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!
Check this one out further at http://www.rightmove.co.uk/new-homes-for-sale/property-50779802.html