Thursday, 12 March 2015

Canterbury - 6% yield

Morning all, on this bright and sunny morning here in Canterbury! A bit of a chill in the air, but should warm up nicely!
Today, we are back into Canterbury for today’s hot investment tip and this morning I have found a good property in an area that does not come onto the market that often.
It's been put on the market by Kent Estate Agencies and is being offered for a figure of just under £160K. I suspect that it's also quite likely that there is an offer to be made, so the purchasing price could drop a few more thousand.
From the agents photos, it looks in good condition and should be OK to rent upon completion.
As previously mentioned in other blogs, these two bed properties, in Canterbury, are in good demand and will rent out for circa £800 per month, all day long, with good quality tenants.
The above being the case, calculated on the above figures, this property should give you a yield of circa 6%, which again is above the benchmark 5%.
 
 
 
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.