Monday, 6 July 2015

Another Thanet property property to the auctions




Just saw this property on rightmove. Its in Glencoe Road, a popular road next to Dane Park.  Its up for auction so not for the inexperienced property buyer.The guide price is £100,000. Houses in Glencoe sell for around £160,000. This house will  rent easily for  £750.00 per month. That is a yield of 5.6%.
You never know at auction on a slow day you might get it below £160,000, improving the yield.
Its up for auction on 22nd July.

Right move link below.

http://www.rightmove.co.uk/property-for-sale/property-35252493.html





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