Welling Investment Property of the Week - 26th June

Marketing Price - Offers in Excess of £250,000

Expected Rental - Circa £1100pcm

Rental Yield - 5.3% per annum

The northern side of Welling up towards Lodge Hill and Bostall Heath has traditionally been a lot more affordable that the south side of Welling near the park, and in and around the High Street. 

Of course, with Crossrail coming in 2018 to Woolwich and Abbey Wood, suddenly the north side of town might be worthy of closer inspection if you are considering a money making investment. 

Step forward this property, a two bedroom flat on Hadlow Road, DA16.

Spacious and not in need of any work prior to renting

To maximise your rental investment in is crucial you have two double bedrooms to ensure you can appeal to all demographics, ideally, two sharers. 

Given that this property needs no internal work prior to renting, and will be within sensible walking distance of the new Crossrail extension opening in 2018 in Abbey Wood, you would expect that its popularity over time will only increase, and that in term brings greater rental demand and therefore income, as well as a jump in its sales value if you want to re-finance in the future, or sell in the medium term. 

In short, whilst traditionally less desirable, the north side of Welling has a lot of changes likely to come in the near future, so looking for bargains in that area where there might be less competition from other potential investors is well worth considering. 

Speak to Harpers in Bexley about this one, the Rightmove advert can be found here ... http://www.rightmove.co.uk/property-for-sale/property-60539305.html

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.

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