I am always being asked by investors for a low-risk, low cost, buy to let investment and, with that in mind, I think the following property fits the bill perfectly:
Click here for details :Lot 1, Clive Emson's next auction
The property has a guide price of £90,000. Assuming a sales price of around £100k and £10k on refurbishment works, your total investments would be, roughly, £115,000 including legal and survey fees.
Under Dockside Property Services guaranteed rental scheme (click here for full details), you would receive a gross rental payment each month of £650. Therefore the rental yield would work out to be 6.75%.
The property is located in Thorold Road, Chatham. According to Rightmove data, two houses sold in October 2015. Both were two bedroom houses, one selling for £127,000 and one at £128,000.
Located close to the Medway maritime hospital and within a ten minute walk to Chatham station, this buy to let opportunity, in my opinion, offers a low risk entry into property investment.
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