Over the weekend this little gem popped up. Currently being marketed with two agents and in need of complete refurbishment before a new tenant could move in. It is being marketed for £110k. Since September this year there have been four 2 bed terraced houses (very similar to this one) that have sold for £140k - £155k. We currently let 2 similar properties within 0.25 miles of this one for £675 pcm so would envisage a similar figure for this property, giving a very generous 7%+ gross yield. This house is currently the cheapest on the market in Margate and should be high up on the list of properties to view for any investor.
Check the full details here
http://www.cookeandco.com/FullDetails/JDK00014898/false/false/house-for-sale-11-biddenden-close-margate-kent-ct9-3rd
If you don't have the time to keep up to date on possible BTL purchases then give me a ring and I can do it for you, sending through any potentially decent purchases with a lowdown of all the important facts and figures regarding the area via email.
