Sidcup Buy To Let Deal - 1 bedroom apartment for sale

Blackfen Road, Sidcup, Kent, DA15

Good morning property hunters, thought I'd put some mid week madness out there today with this property. It's a really lovely 1 bed apartment, which has been modernised through out and is ready to let immediately.  The property is located on Blackfen Road in Sidcup and is on with Capital Estate Agents Sidcup. http://www.rightmove.co.uk/property-for-sale/property-42075840.html

It has come to the market with a guide price £200,000-£220,000 and you get a property that has had everything done for that! Rental wise, similar properties are renting in the region of £850 pcm all day long. So if I get my trusty calculator out to work out the yield. You could be looking at a annual yield around 4.6%. This is before any service charges or ground rents are taken into account, so best to check what these figures are before getting too excited. But initially, this seems like a pretty good buy to let deal!

If you would like any advice on buying to let, give me a call 020 8300 6761 or email me direct pj.long@drewery.co.uk