Over the weekend there was one particular property that caught my eye. The investors I have been dealing with recently have the same mindset when it comes to purchasing in this area. They don't want high risk properties that can give them more bang for their buck, they want a solid property that can give them a decent yield and an attractive capital growth. Who doesn't?! I hear you say and you'd be exactly right. So it is imperative that you have your finger on the trigger and be ready to pull it when something comes up. With that being said I don't think this one will hang around for long.
The property is similar to one that has recently let around the corner for £725 however I would expect £750 and the current asking price is £140,000. If you peruse others on the market around the area and of similar size and facilities you will see most are in the £150k - £160k range. Depending on purchase price you will be looking at a solid 6% and above gross yield.
The property would more than likely let to potential long term tenants giving you a solid base for a few years.
If you are currently looking to invest in property in Thanet then come and speak to us so we can give you some tips. Remember we don't sell property so our advice is impartial.
For full details click the link below
http://www.rightmove.co.uk/property-for-sale/property-40382623.html
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