This blog follows the buy-to-let market in Canterbury and the surrounding area. You'll find tips, guidance, and analysis that relates specifically to Canterbury and you'll also find properties from all the estate agents in the town on here that may make decent investments. I operate Martin & Co in Canterbury and if you're thinking of buying a property to let in Canterbury, I'm happy to offer a second opinion.
Thursday, 24 July 2014
An area to keep a close eye on.........yep, it's Herne Bay!
Many of my Landlords and Investors are always asking for the next 'hot spot' in the area and there's one area that keeps 'pinging' on the radar, which is Herne Bay. The classic 'right price / right yield' keeps working for my Landlords and as usual, I'm 'scouring' Rightmove, looking for these little gems and this one caught my eye.
The property is on the market for circa £220K with Kimber Woodward, with no onward chain and a bit of haggling should get this one down closer to the £200K mark.
Once rented, a rental figure of £900 per month should be achievable with a nice family rental, which will in turn give you a yield close to 5.5%!.
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