Welling Investment Property of the Week - 31st Jan

Property of the Week

Marketed Price £199.995

Expected Rent £875pcm (tenants already in situ)

Rental Yield 5.3%

http://www.rightmove.co.uk/property-for-sale/property-57727459.html

I'm staggered to see this rental investment in SE18 is still on the market after 2-3 months. 

It's being sold to a limited market with tenants in situ, so wouldn't suit a first time buyer, but is ideal for a landlord looking to add to his rental portfolio. If it already has a tenant in place there will be no void period when you acquire the property at completion, and no letting agent to pay to search for a new tenant for you. Instant income!

At £875pcm the property gives a generous 5.3% rental yield at asking price, which you might be able to negotiate on a little given time on the market. 

In a modern block, and within sensible walking distance of the Crossrail transport links coming in in 2018, the value of the property is only going to increase as well making it a good property for capital appreciation too. 

Well worth a call to Beaumont Gibbs in SE18.

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. There is plenty of parking and the kettle is always on.

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