Dover, CT16 2DH | Investment Property for Sale | VES-CT16-002

Semi-detached house in Dover generating £7,200 in rent per annum & a gross yield of 3%

£240,000

Semi-Detached House

VES-CT16-002

INITIAL INVESTMENT

£108,840

GROSS RENT / YIELD

£7,200 / 3.0%

NET RENT / YIELD

£5,326 / 2.2%

The property

TENANCY

Tenanted

TENURE

Freehold

3 bedrooms

1 bathroom

1 reception room

1,118

Unfurnished

Tenancy

RENT

£7,200 p.a. / £600 pcm

TENANCY DEPOSIT

£600

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

5 months ago

TENANCY AGREEMENT ENDS

2/23/2019

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

Rental Income

GROSS RENT PER ANNUM

£7,200

Equivalent of £600 per calendar month (PCM).

GROSS RENTAL YIELD

3.0%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£5,326

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

2.2%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£1,874

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Profit & Growth

Disclaimer

This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.

About Dover, Kent

Dover is a major ferry port in the county of Kent, South East England. It is situated directly across France across the Strait of Dover, 14.3 miles south east of Canterbury and 39.6 miles east of Maidstone.

This area is serviced by Dover Priory railway station which is the southern terminus of the South Eastern Main Line and is manged by Southeastern. Southeastern operates 1 train per hour (tph) to London St Pancras via Ashford International and another hourly service to London St Pancras via Deal, Ramsgate, Faversham, Chatham and Gravesend. There are also 2 tph calling at London Victoria via Chatham & Bromley South and another hourly service to London Charing cross via Sevenoaks. Aside from the Port of Dover being one of the busiest shipping lanes in the world there are over 45 commercial ferries a day transporting tourists across the channel to Calais and Dunkirk.

The town’s main retail hubs are centralised around the High Street and Biggin Street. The Charlton Shopping Centre is the only purpose-built shopping centre in town which features around 30 stores and services. There are many places of interest in town such as Dover Castle, Dover Museum, St Edmund’s chapel and of course the iconic White Cliffs of Dover.

The Port of Dover provides much of the town’s employment, whether it be in the busy shipping routes or upon the ferry services and cruise ships that make frequent daily trips across the channel. The shipping and logistics are handled by several big shipping firms such as the Dover Harbour Board, DFDS Seaways and George Hammond PLC to name a few. There are also jobs in the manufacturing industry, companies such as Megger Ltd, Pusterla 1880 and Multipanel UK Ltd all run their operations in town. New emerging industries in town are in the Bio-Technology & Life Sciences sector, as well as food packaging factories.

This location could be perfect for young families looking for local academic options for their children. Dover Federation for the Arts is a multi-academy trust that was formed from the conjoining of several local school bodies, this new association provides education from nursery to sixth form specialising in the arts across all ages. For those looking for secondary school options there is St Edmund’s Catholic School and Dover Christ Church Academy, the latter including a sixth form.

Friars Way,

Dover,

Kent,

England,

CT16 2DH

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