Are you looking for a buy to let property in Margate....?
A new home is amazing whether you are buying or renting and will command a premium price wherever you live! These beautifully appointed, contemporary and stylish apartments offer a great investment opportunity - with great anticipated capital growth as well!
Let's look at the numbers....
This spacious apartment is located on the GROUND FLOOR and has access to a private patio area outside as well as the communal grounds with allocated parking.
Purchase Price: £225,000
Monthly Rental: £825
Annual Yield: 4.4%
Overheads
Maintenance Fee: £950 per annum
Ground Rent: £50 per annum - until site is sold then all apartments can receive a share of the freehold.
We think that's a pretty good return - especially as new homes will see a quick capital growth too! So if you are already a landlord, or just starting out, these are a perfect property to start or add to your portfolio!
Our lettings Team are experiencing really strong demand right now too, with rents having risen 5%+ in the last 12 months alone, so do get in touch for more information or to talk through your current properties.
Borrowing has never been cheaper, with some buy to let rates from as little as 2.75% - if you need a mortgage we can help too! Click HERE to arrange a chat with one of our Financial Advisors in confidence.
The development will be ready for occupation late this year, so buying now off-plan could turn out to be a great investment! What are you waiting for - you know this all makes commercial sense!
For more information call us on 01843 228844 or email newhomes@oakwoodhomes.biz