Our property investment of the month is a 1 bedroom apartment in the new Victory Pier development based in Gillingham. One of the reasons we picked this apartment is due to it being a desirable place to live and the rental demand for the area is high.
This 4th floor one bedroom flat is brand new and ready for someone to move in straight away, being on the 4th floor the property offers some great views of the river and the communal gardens. If you decide to furnish this property you will be able achieve a higher rental amount. With commercial units due to open at some point in the near future which will make the development even more sought after.
Victory Pier is a striking waterfront development comprises a collection of stylish apartments built by Berkeley Homes along with an extensive range of amenities to form a new riverside destination, all just 43 minutes by train from Central London.
With attractive rental yields and the ongoing regeneration of Medway in particular the dockyard areas, Victory Pier provides a unique opportunity for investors who want to expand their current rental portfolio or make their first investment.
The property is on with our friends at Century Residential for offers over £200,000 if you purchased the property for this amount your yield will be a respectable 5% based on the rental being £850 PCM.