Marketing Price - £220,000 to £240,000
Expected Rental - £1100pcm
Rental Yield - 5.8-6%
Too many people are a little short-sighted when buying property for investment purposes. They tend to look for property that they like the look of, rather that what will make you money. Remember, you won't be living there!
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| John Newton Court, Welling |
Ex-Council properties should be high on your list of considerations when looking to invest in property. Of course, they are not always as easy on the eye as other styles of property, but the number do stack up ... and that's what you are investing for, to make money, not to be visually appealing.
These styles of purpose built flats are generally a lot more spacious than say a Victorian conversion. That is largely because they were built from day one as a flat to house a larger family or sharers, as opposed to a conversion which was originally a house and then converted.
The rent you can demand from an ex-Council property will be lower than that of a more modern flat, but the purchase prices proportionally are so much better, and therefore your yield is likely to be far higher. And if you are looking to make a decent monthly return as a side-income then that is good news.
This example in John Newton Court, Welling through another local agency is well worth a visit ... http://www.rightmove.co.uk/property-for-sale/property-48531033.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.
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
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.
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
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