Our investment property of the month take us into Chatham. The property is a traditional 2/3 bedroom on Waghorn Street. The house benefits from 2 reception rooms, kitchen and bathroom downstairs, with the three bedrooms upstairs the third bedroom is off of the second bedroom.The house is ideally located with local amenities, the town centre and train station all near by.
From the images in the listing it looks well presented, and the house is being sold with the current tenants in it. This is great as you don’t need to put the property on the rental market.
The property is on the market with Purple Properties for offers in excess of £175,000 and came on to the market in early October. As an investor you want to know what the return on the investment would be we anticipate the rent to be around £750 PCM. This would give you a yield of 5.14% which for the area is slightly above average.
Here is a link to the property http://www.rightmove.co.uk/property-for-sale/property-66942722.html