Could the South East be a good time to invest in?
Dover maybe the gateway to England but with its recent High Speed Train connection to London Saint Pancras – now could be the time to invest in a “buy to let” property in the area.
Lower house prices, rising rents and improving mortgage deals are tempting investors once more and with places like Dover and Deal now connected to the High Speed Train link commuters can be in London within an hour.
The lack of mortgage finance available to first time buyers means that there is less competition for one or two bedroom properties. It also means there is high rental demand for the property once it is put on the rental market.
Lenders are becoming keener to lend to investors for buy-to-let due to high tenant demand and low property prices.
With good 1-2 bed flats starting at £55k and looking at a rental return of £400-500 per month then certain parts of the South East could make a wise investment. Recently a landlord purchased a 2 bed flat in Dover for £55k; with a monthly rental of £425 this would give a rental yield of just over 9%
At The Accommodation Shop we are seeing more and more people looking to rent out good quality accommodation over a longer term period whilst they save for a deposit for their own house.
Therefore Landlords or Property Investors looking for Buy to Let property should contact us to discuss the current lettings market in Kent and help put you on the right track to a successful investment in the area.