After a little while searching Rightmove, we have found our latest property investment. The property is a 3 bedroom terraced house in Rainham. This house is an ideal investment for a number of reasons: the property being located in the desirable town of Rainham, very close to the station and falls into the catchment area of some good Ofsted rating primary schools.
The main benefits of this property is that is chain free, with off road parking, a modern fitted kitchen and has a paved garden, which is easy to maintain for the tenants. From the pictures it doesn’t look like you would need to do any major refurbishment maybe new carpets and a repaint upstairs at most.
The property backs on the Rainham Shopping Centre precinct, with a few major shops. The shops include a Tesco Metro, Iceland, Boots and Wilkinsons. There is now also a Costa Coffee store located just outside the shopping centre, facing out on to the main A2 road.
- Trains: Rainham (Kent) Railway Station is the closest station (0.2 miles).
- Motorway Junctions: The nearest junction is M2 J4 (2.2 miles).
- Hospitals: Medway Maritime Hospital is approximately 2.9 miles away.
- Doctors: Rainham Medical Centre (0.2 miles), Dr Ferrin L V & Partners (0.2 miles) and Church View Practice (0.2 miles) are all close to this property.
Now on to the return of investment if you purchase the property at the asking price of £230,000, you could expect to get £875 PCM which gives you a healthy yield of 4.57%
Click here if you would like more information about the property or to view it is on the market with Jacksons.