Reasonably Priced Investment with a potential 6.24% yeild

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Here is a property which got my attention this morning. It came on with Able Estates yesterday and in my opinion it is very reasonably priced.

This property would not only be appealing to someone who is looking for one ready to be let out but with a potential yield of 6.24% it is an attractive investment for those who seek healthy yields.

It's a first floor, 2 bedroom flat being offered chain free for £165,000 and a similar property is on the market with an asking price of £10,000 more. In 2015 the average price achieved for a 2 bed flat in this development was £176,250

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 £950 pcm in rent. Take into account the annual Service Charge of £1,100  that would net the Landlord a yield of 6.24%.

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-52812067.html

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