6.57% Yield Folkestone Buy To Let Property of The Week
Posted: 23/02/16 3:13 PM
What’s That? 6.57% – what’s the catch?
The location and size of this property is amazing, the lease is long, there’s off-road parking, double-glazing and just around the corner is Radnor Park and Folkestone Central Station which will get you to London St Pancras in under an hour.
OK, the yield isn’t as high as a one bedroom flat in Dover Road, however the potential for capital gain is there too and that’s something that needs to be factored in.
Based on the advert I think that the agent’s photos seem to be avoiding the radiators which are likely to be storage heaters and there’s no photos of the bathroom so either one of the vendors was in there taking a really long bath when they came round to take photos or we should expect an avocado suite or DIY tiling. <eek>
Take a look at this property on Rightmove and see what you think…