Herne Bay - £135K - potential yield of 6.67% - does it get any better!!!

What a fab day today! The sun is out and so are the bargains….. A great investment has just come onto the property market in Herne Bay. It’s a two bed apartment for £135K with Kimber Woodward and it’s a real cracker.

Let’s start with the price. At £135K it’s a great bargain and at this price will not be around long. The location is brilliant, as it’s close to the major road infrastructure of the Thanet Way, creating easy access for young professional tenants. It’s age / condition is also excellent, so it’s ‘good to go’ from an investment viewpoint.

Turning to the rental aspect of the property, I’ll take a real conservative viewpoint and state that the rental figure would be (at the very worse!) £700 per month, which will give you a brilliant yield of 6.22% and at £750 per month, it would take the yield to a cracking 6.67%.

What about the capital growth? Well, these apartments in Ryder Court were built circa 2009 and the growth in the past year has been 7.81% and in the past five years it has been 14.42%. Try getting that at a building society!

Take a look at http://www.rightmove.co.uk/new-homes-for-sale/property-33678819.html and give the agent a call!

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 / canterbury@martinco.com or call in and see me at 23 Watling Street in Canterbury.