Bexley Borough Property News

Here's a property that's been on the market since November 2014. The owners have had it on with Ward and Partners at an asking price of £140,000. The offer of a swift exchange and completion could put a buyer in a good negotiating position. Even if the property was purchased at the full asking price of £140,000, you would be looking to achieve around £850pcm in rent and with service charges around £1,200 per annum in this development (please confirm with Ward and Partners) that would net the Landlord a healthy yield of 6.43%. But like I say, with the property being on the market for some time (understandably due to the slow Christmas Period), I believe there might be room for negotiation on the asking price which would make the net yield even higher. If you’re interested then give Ward and Partners in Barnehurst a call. Here are full details of the property on Rightmove: http://www.rightmove.co.uk/property-for-sale/property-45882038.html?premiumA=true ...

You've got to love these Freehold properties which, in my opinion, offer such good value for money. This one is being marketed by Robinson Jackson in Bexley for £249,995 and will surely be snapped up quick. It's a 2 bedroom terraced house, close to good schools and Albany Park Railway Station. With a rental value of £1,100pcm you’re looking at a respectable yield of 5.28%. With 2 bed leasehold flats going for around £250,000 these days in the area, this is definitely worth a look. Check it out on Rightmove: http://www.rightmove.co.uk/property-for-sale/property-33360105.html

Here's one that would interest those of you who would like to invest in a straightforward, hassle free, buy to let. It's well located within the heart of Bexley Village with the added benefit of being within a gated development. It’s a recent build and is situated close to the local bars, restaurants and shops in the village and is only a few minutes’ walk from Bexley Train Station – making it an ideal place to be for commuters into London. It also has the added bonus of having an allocated parking space. It’s currently on the market with Village Estates with an asking price of £229,995. I can’t see there being any delay in finding a good tenant willing to pay up to £1,000pcm for this property. This would give you a rental yield of 5.22%, however i recommend you find out what the annual service charge would be as that would have an impact on this figure. Still, a good investment in an ever popular location with hassle free letting. Give Village Estates a call and take a...