Good afternoon everyone, another warm day and I've got another hot property for you! On the market with one of our competitors, it's a spacious two bedroom apartment very near to Sidcup High Street and within crawling distance of supermarket… 2 good size bedrooms, own balcony and garage.
The selling agent 'Parris Residential' do not provide any internal pictures which could mean the property does require some updating but it does already benefit from double glazing and gas central heating. Also it would be a good idea to check the length of the lease before viewing and if short confirm the possible costs for extending… take a look:
With an asking price of £265,000 and a realistic rental price of about £1100 pcm if in good condition, you could be looking at an annual gross yield of nearly 5%, which for a central Sidcup property, is pretty good. Of course, these figures don't take into account any service charges or ground rent that may be due. Before jumping into any investment, you need to make sure you look at all those little extras to make sure it is worth doing.
I have seen similar 2 bed properties sell for anything £275,000 upwards so I do not expect this flat to be around too long.
Please do not hesitate to contact me or my team about this property or any other that you have seen and wish to discuss further – 020 8300 269 6600 or email me firstname.lastname@example.org.