This property boasted an attractive purchase price and sat in a high demand rental area of Maidstone. The seller was selling due to relocating away from the area, and didn’t have the time for the long-winded process of selling on the open market – they wanted certainty more than anything else. Meanwhile the buyer was a London investor, who benefitted from a £27,000 discount on the property.
Discount Available: 17%
Property Type: 3 Bed End Terrace
Open Market Value: £160,000
Net Purchase Value: £133,000
Equity Bonus: £27,000
Estimated Rental: £800
Yield: 7.2%