Wednesday, 14 October 2015
Faversham - £145K with a potential 5.79% yield
Morning all! Well winter feels like it’s on its way and so are the Autumn bargains. It’s been a bit scarce recently with the Buy to Let goodies, but scanning the web this morning, there's one that caught my eye. So today, we are off to Faversham where a property has just come on this morning with Your Move and from a couple of calculations on my note pad, it looks a good investment.
It’s a two bedroom flat in Sommerville Close in Faversham and is on the market for £145K. From the details it looks like it’s already rented and comes packaged with a Tenant.
In the past few months we have seen a really good demand for such properties and we would estimate a rent of circa £650 to £700 per month. This coupled with the purchase price would deliver a respectable yield of 5.38% and 5.79% respectively.
Check it out further at http://www.rightmove.co.uk/property-for-sale/property-36947586.html and give the agent a call.