I hope you’ve had an enjoyable week, especially with the summer sunshine peaking at us over the last few days. I especially enjoyed attending the PropertyMark One conference last week, a gathering of thousands of property industry professionals. There was lots of interesting knowledge shared, and I am excited to see the future technology that is coming in to the industry.

Today, I am writing an investor alert after I saw this studio for sale on Maidstone Road, Rochester advertised on Zoopla, having recently been reduced to £120,000. You can view the property here.

This would be a popular rental location for a student, or a working individual or couple. I would estimate the rental at between £900-1000 per calendar month. However, due to the size of the property, there is more likely to be a higher turnover of tenants, so I would account for 1-2 weeks void period per year when doing your calculations to be cautious. 

Even so, at £950 per calendar month and accounting for the service charges and ground rent totalling £2208 per calendar year, the yield is coming to 7.5%, which is not too bad for what appears to be a ready-made investment with no refurbishment required. Please be sure to account for Stamp Duty Land Tax and other ancillary costs such as solicitor fees.

If you liked this property and wanted to chat about it, or another property you may have seen, feel free to reach out to me at hasan@home-share.co.uk.

I have been involved in property since I was 18, and for the last 10 years I have been operating a letting agency in Medway. I therefore have a large amount of experience and knowledge which I am happy to share with investors looking at the Medway property market. As I don’t sell the properties I’m writing about, I will give you the advice you need to hear- whether good, or bad.

Hasan