Our latest property investment property is a 2 bedroom apartment based in the new Horsted Park development, Chatham. We have picked this property due to it’s location as it has good transport links with easy access to the M2 and a good bus route. It is also competitively priced for a new build two bedroom apartment in Chatham.
According to the description the property is immaculate with a focus on open plan living, the kitchen is fully fitted and has integrated appliances. Both bedrooms are generously sized with the master bedroom containing an en-suite. Another couple of bonuses is that has allocated parking and a balcony, which over looks the green area.
There currently isn’t any similar properties on the rental market, in the same development putting the landlord in a strong position to attract the best price and tenants.
We would anticipate you receiving a price between £900 to £1,000 PCM. This would give you a very healthy yield of 6% based a purchase price of £200,000. The yield is higher than the average 4.86% for the whole of Chatham (figures from Rightmove August 2018 data)