2 Bed flat - Erith – 7.19% Yield

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A property which would not only be appealing to someone who is looking for one ready to be let out but with a potential yield of 7.19% it is an attractive investment for those who seek higher yields.

It is a first floor, 2 bedroom flat being offered chain free for £134,500. It has recently been redecorated and carpeted. On top of that the communal areas on this development are also undergoing substantial improvements, which the seller has already paid for!

Being in close proximity to local shops, schools, and bus routes; finding a suitable tenant should be no hassle and with the rental demand so high you could be looking at £900pcm in rent. Take into account the reasonable annual Service Charge of £900 and Ground Rent of £200 that would net the Landlord a healthy yield of 7.19%.

It is on the market with Able Estates in Erith and if you’re interested then I wouldn't delay in giving them a call.

Here is the property on Rightmove: http://www.rightmove.co.uk/property-for-sale/property-48357536.html

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