Tuesday, 14 June 2016

Westbrook Buy to Let

While sipping my gin and juice this evening I came across a little gem of a property that just screams 'Buy to let', which is something that is becoming harder to find in the Thanet area. This is due to large numbers of first time house hunters moving into the area and living in the them!!
10 years ago Thanet didn't have this problem! Every property was a 'Buy to Let' investment and you couldn't pay people to live here! How times have changed. With Thanets stunning beaches, the thriving art community, music scene and not to mention Dreamland Amusement Park, Thanet is now THE place to be, which is why it is becoming more and more difficult to source reasonable investment properties.

Which is why this first floor flat in Westbrook is such a good find! In a ideal location for commuters and locals alike, this split level two bedroom flat which is in the process of being refurbished is perfect for the rental market. Just a minutes walk from Margate train station and Westbrook beach you can expect a monthly rental of between £550 and £600 which provides a yield of between 6% and 6.5% on this £110,000 property.

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