The rental price would be around £800 pcm and would appeal to a number of prospective tenants. It was initially listed on Rightmove in March so I think that the asking price will be negotiable. Taking that into account the gross yield on this one would be around 7%. It is fairly simple to find a property that can offer you over 6.5% gross yield but you do need to know what to look for and where to look for it. If you are not familiar with the areas then it can be easy to buy completely the wrong property. With over ten years experience in Estate Agency in the local area I am best placed to help you. If you have read some of my other blogs then you will know that I don't sell property, I am purely a lettings only agent and buy to let specialist. This enables me to offer truly impartial and honest advice, stopping you getting conned in to buying something that really isn't suitable to look after your money and give you the returns you should be getting. If you are looking at investing across the Isle of Thanet then get in touch.
gavin.horton@belvoirlettings.com
Here is the link to the property I discussed above.
http://www.rightmove.co.uk/property-for-sale/property-45275423.html
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