Bexley - 3 Bed EOT - £280,000

-
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/34586104


Comments

Post a Comment

Popular posts from this blog

79% More Bexleyheath Home Owners Wanting to Move Than 12 Months Ago

-
Image
As I have mentioned a number times in my local property market blog, with not enough new-build properties being built in Bexley Borough area to keep up with demand for homes to live in (be that tenants or homebuyers), it’s good to know more Bexley Borough home sellers are putting their properties on to the market than a year ago. At the start of 2007 there were 84 properties for sale in Bexleyheath (DA6) but by May 2008, when the credit crunch was really beginning to bite, that number had risen to 162 properties on the market at a time when demand was at an all-time low, thus creating an imbalance in the local property market. Basic economics dictates that if there is too much supply of something and demand is poor (which it was in the Credit Crunch years of 2008/9) … prices will drop. In fact, house prices dropped between 15% and 20% depending on the type of Bexleyheath property between the end of 2007 and Spring 2009. However, over the last five years, we have seen a steady ...
Read more

Bexley’s 826 Mortgage Time-Bombs?

-
Image
According to my research, of the 8,264 properties in Bexley, 3,824 of those properties have mortgages on them. 94.5% of those mortgaged properties are made up of owner-occupiers and the rest are buy to let landlords (with a mortgage). The concern is that 826 of those Bexley mortgages are interest only. My research also shows that, each year between 2017 and 2022, 10 of those households with interest only mortgages will mature, and of those, 2 households a year will either have a shortfall or no way of paying the mortgage off. Now that might not sound a lot – but it is still someone’s home that is potentially at risk. Theoretically this is an enormous problem for anyone in this situation as their home is at risk of repossession if they don’t have some means to repay these mortgages at the end of the term ( the typical term being 25 to 35 years). Banks and Building Societies are under no obligation to lengthen the term of the mortgage and, when deciding whether they are p...
Read more

Is Bexley Borough still a Great Place to Invest?

-
Image
Bexley is a fantastic place for families, retired couples or those wishing to travel or commute into London or further afield. It is situated 14 miles south east from the centre of London sitting on the border with the rolling hills of Kent. It is one of the greenest London boroughs with over 100 parks, as well as a walking route along the River Thames. It is hardy surprising that first-time buyers and families have chosen to settle in the area long-term. Although Bexley offers a village feel, it is very well connected with Greenwich, Bromley and Dartford nearby, with excellent rail, road and bus links into London. The average train time from Bexley to central London is just 38 minutes with its main line station linking London Bridge, London Charing Cross and London Cannon Street. Alternatively, if you are travelling by car, the A20 and A2 run through the centre of the borough before joining up to travel directly into Canary Wharf and towards the City. Overall safety and reasonable hou...
Read more