Bexley Borough Property News

This one has just caught my eye, why? Because De Scotia have just reduced this; making it an interesting one to watch. It’s a 2 bedroom first floor flat with a private garden and it’s being offered chain free at £189,995. The fact that it’s just come down in price, and Christmas is around the corner, I feel that there may be potential to negotiate the price some more if you could promise a swift purchase.  Achievable rent, you’re looking at around £975pcm and with demand for rental properties so high, I can’t see any delay in finding a suitable tenant.  Even at the current asking price you would be looking at a healthy yield of 6.16%. Remember, you must ask about the service charge payable per annum as that would have an impact on this figure – but in my experience service charges tend to be on the lower side on these properties. I can see similar properties fetching £200,000+ in just a few months, so, if you’re interested then you should give De Scotia a call...

Here's another interesting find. A freehold 2 bedroom mid-terrace house ideally located for Albany Park Railway Station with the added benefit of being extended and having a driveway. Needless to say there are many benefits of owning a freehold property compared to leasehold. This property is currently on with Christopher Russell in Sidcup and they have it on at a guide price of £260,000 to £270,000 which isn't far off the price of a leasehold apartment in Bexley - Freehold property at Leasehold prices. With a potential rent of £1,100pcm and no service charges to pay you could be looking at a respectable yield of around 5%. Granted this yield is not incredibly high but being an extended, freehold property, close to the Station the potential capital growth is higher. Check out the property for yourself on Zoopla:  http://www.zoopla.co.uk/for-sale/details/35127546#  

Today I’ve spotted an interesting find in Belvedere. It’s a 3 bedroom maisonette on with Apex Residential with offers invited in excess of £175,000. At first glance this doesn’t seem to be very attractive, however, look closer and there is great potential. For argument’s sake let’s say you purchase this property for £185,000 (remember the sellers are asking for offers in excess of £175,000); with the potential rent of £950pcm you would be looking at a yield of 6.16%, which is pretty healthy. But what really caught my eye was not only the property’s close proximity to Belvedere Train Station but that it has 3 bedrooms – all with en suite shower rooms! This makes it an ideal house share, buy to let. Also benefitting from 2 reception rooms, with some minor alterations, you could be renting out 4 rooms at around 450pcm, inclusive of bills, each. Take out your costs for utilities and your left with around £1,450pcm. At a purchase price of £185,000 you’re reeling in an amazing ...

Today, we take a look at a 2 bed property in Bexley. 2 bedroom properties are usually seen as being the ‘bread & butter’ of the lettings industry. If there was ever a type of property which is in demand and will remain in high demand for the foreseeable future, then it’s the two bedders. Anyway, it's a two bed apartment and it's chain free! The asking price with Anthony James in Dartford, is just short of £190,000. With potential rent being between £975 and £1,000 pcm and taking into account approx £1,100 per annum service charges your still left with a yield of 5.74%. Another one that will be snapped up pretty quick me thinks! Check it out on Rightmove:   http://www.rightmove.co.uk/property-for-sale/property-48680465.html

This one caught my eye - 3 bedroom house for under £300,000 in Bexley Village?! What's the catch?? There doesn't seem to be one. Property details show that it has a good size lounge open plan to dining area, tidy kitchen and bathroom with 3 good size bedrooms. The property may require some minor cosmetics but nothing too drastic. At a potential rental value of £1,300pcm you're looking at a rental yield of 5.5%. With demand being so high in the area, I can't see this property being on the market for too long. The property is on with Village Estates and I would recommend you call them as soon as possible to be sure not to miss out. Here it is on Zoopla:   http://www.zoopla.co.uk/for-sale/details/3458610 4