Tuesday, 25 April 2017

Welling Investment Property of the Week - 25th April

Marketing Price - Offers Over £260,000
Expected Rental - £1100pcm
Rental Yield at Asking Price - 5.1%

Most landlords I meet in Welling and surrounds are looking for somewhere to park their money that will generate a decent return, but money isn't the only consideration. Low maintenance is a requirement as well!

Making money is one thing, but a property needing continual upkeep, or a tenant that requires "baby-sitting", can make a reasonable monthly income more trouble than it is worth.

Therefore, any property in immaculate condition is going to be top of the list for landlords of that mindset. 

Low maintenance, and a prime location for commuters
This immaculately presented two bedroom flat in a low-rise block is located within a few hundred yards of Bexleyheath train station and therefore attracting professional City-type tenants who commute into central London for work really shouldn't be too difficult. 


Having been on the market for a few weeks you would hope there might be a little give in the asking price of the property by now as it does appear slightly top heavy (although we haven't inspected internally), but with a potential rental yield of over 5% in an area with strong demand, it is well worth a visit for any budding new landlord looking for a quick, simple, easy first rental investment.

Longleat Court, Upton Road, Bexleyheath, DA6
More details here ... http://www.rightmove.co.uk/property-for-sale/property-65132894.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. There is plenty of parking and the kettle is always on.

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Welling Property Market update - April 2018

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