Erith - 2 Bed with a Yield of 6.43% - possibly more!

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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

Front Elevation


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