Wednesday 11 February 2015

6.75% Yield in Central Margate




One of our investors completed on a property in Marlborough road recently, the property had been refurbished by the previous owners so was ready to rent immediately. The property had been sold early 2014 for £95,000, had a bit of money and tlc thrown at it and was back on the market by November and sold for £120,000. The property was on the rental market for 3 days and on its first viewing we had found a tenant (once referencing had been passed). 

There is high demand for good quality property and is driving the rental prices up. If you want to be kept up to date on areas and properties that would be good for investments then give me a call. 01843 293 293 or email gavin.horton@belvoirlettings.com

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