Investor Alert, 5.5% yield on St Mary’s Island!

It has just come to my attention this 1 bedroom apartment for sale on St Marys Island Chatham for £190,000 which has come onto the market in the past 24 hours.

As a modern block it looks well maintained, with access by electric gates and video security. Such a good standard of property would be sure to impress any potential tenants.

Flats in this area are in high demand and should achieve a rent of £875 or more, with properties generally renting out within a week there shouldn’t be many void periods to worry about.

What makes this more attractive is that average values for flats on this street have risen 26.13% over the past five years. With a respectable yield of 5.5% and the prospect of good capital returns this is definitely worth a look.

The apartment is being advertised by Island Homes Estate Agents who can be contacted on 01634 892828.

Be sure to keep up to date with Medway house prices and the latest Medway buy-to-let investments by subscribing to Medway Property News Blog or following me on LinkedIn here

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