Wednesday, 11 February 2015
We like this one – Herne Bay – 5.12% yield
Morning all. Todays ‘trawl’ has picked up a few properties and this one in particular has caught my eye.
It’s in Herne Bay and again, it ticks quite a number of investment boxes. It’s just come on the market with David Clarke for £169,995. So starting with the price, this looks about right, then it’s in a great location, i.e. close to the Thanet Way for ease of access for a daily commute in either the direction of London or Thanet. In addition, there’s no chain, plus the property looks in very good condition and comes with gas central heating. As this is a leasehold property, then consideration needs to be given to the length of the lease, plus the annual maintenance / ground rent charges, which come in at 113 years and £1000 respectively.
Again, such properties are in great demand and will rent out for a minimum of £725 per month, which will give you a decent yield of 5.12%, which again is not too bad.
Check this one out at http://www.rightmove.co.uk/property-for-sale/property-33578454.html and give them a call. I don’t believe that this one is going to 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 / firstname.lastname@example.org or call in and see me at 23 Watling Street in Canterbury.