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#