Our property investment of this month brings us back into Gillingham. The property we have picked is a 2 bedroom victorian terraced house in central Gillingham.
We have picked this property for a number of reasons. For its location with the train station a short walk away with the high speed line into London. The property has recently undergone a refurbishment and features a modern kitchen and bathroom. As a result the property is ready for tenants to move in and we anticipate finding a tenant rather easy.
As the property description says “Properties finished to this standard are very rare to the market so don't delay and arrange a viewing before this gem of a house gets snapped up!!!!”
Demand for similar properties in Gillingham is high but due to there being a lack of properties finished to this standard this property will stand out from the crowd.
We would anticipate you receiving a price between £850 to £900 PCM. This would give you a very healthy yield of 5.4% based a purchase price of £200,000. The yield is higher than the average 4.88% for the whole of Gillingham (figures from Rightmove September 2018 data)
The property is currently on the market with Your Move