Marketing Price - Guide Price £90,000
Expected Rental - £840pcm
Rental Yield - Potentially as much as 9%
Spotting a bargain at auction has become more difficult with the invention of the internet, but I do get regular emails and reports from the auction houses showing what has sold, and crucially what hasn't, and you can often spot a deal.
 |
| Small, but perfectly formed, and worth over 9% per annum |
Small but perfectly formed, whilst this Victorian conversion looks tiny from the floorplan, it is only 200 yards from New Eltham train station, and is already let out at £10,080 per annum (£840pcm).
You wouldn't need to go looking for tenants, or pay an agent to find them, and whilst the auction's reserve price is not listed, with a guide price of £90,000 its obvious £110,000-£120,000 would be enough to secure the property, offering you an immediate return of around 9% per annum.
Whilst small, and who knows what condition it is in, if its 200 yards from a busy commuter station like New Eltham, the prospect of a permanent 9% income is as near a guarantee as you'll ever get.
It's well worth speaking to Auction House London for more information.
If you are looking for an agent that is well established, professional and communicative, then contact us to find out how we can get the best out of your investment property.
Email me on kevin@dansonpropertyservices.com or call on 020 3397 4499. If you are in the area, feel free to pop into the office – we are based on 116 High Street, Welling, Kent, DA16 1TJ.
Don’t forget to visit the links below to view back dated deals and Welling Property News.
Follow The Buy-To-Let Property Investment Market in Welling
Welling Property Market LinkedIn Page
Danson Property Services Welling Facebook Page
Danson Property Services Welling Twitter Page
Welling Investment Property Specialist Danson Property Services Website
No comments:
Post a Comment