Belvedere - 3 bed - with a potential yield of 9.4%

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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 yield of 9.4%! If you’re interested then give Apex Residential in Upper Belvedere a call now!

Check out the property on Zoopla: http://www.zoopla.co.uk/for-sale/details/34837559#

 3 bed maisonette for sale in North Road, Belvedere, Kent

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