Opportunity to purchase a detached house in Sittingbourne generating £42,228 rent pa & gross yield of 7.7%
£550,000
Detached House
VES-ME10-001
INITIAL INVESTMENT
£159,000
Based on
deposit: £137,500
stamp duty: £19,000
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£42,228
GROSS YIELD
7.7%
The property
TENANCY
Tenanted
TENURE
Freehold
6 bedrooms
5 bathrooms
2 reception rooms
1,483
Fully Furnished
Property information
- Split over 2 floors
- 6 bedrooms of which 3 are ensuite
- Large enclosed rear garden
- Conservatory
- Private driveway with parking space for several cars
- EPC rating D
Rental information
- Bedroom 1 - £600pcm
- Bedroom 2 - £564pcm
- Bedroom 3 - £480pcm
- Bedroom 4 - £455pcm
- Bedroom 5 + lounge - ERV - £900pcm
- Bedroom 6 - £520pcm
- Total rental income pcm: £3,519
- Total rental income pa: £42,228
Running costs
The vendor provided us with the following costs of this property:
- Gas & electricity bill: £153 pcm (expected to reduce after live-in landlord moves out)
- Council tax: £151.08 pcm
- Broadband (comprehensive package): £26 pcm
- Water bill: £71.66 pcm
- Total cost pcm: £401.75
- Total cost pa: £4,812
Location information
- Located on a quiet cul-de-sac
- Within walking distance to local amenities and schools
- Well located for public transport and main road network, central London is just over an hours journey by train
- Sittingbourne is also close to the countryside, especially the Kent Downs, an Area of Natural Beauty, and the coast. The Isle of Sheppey is only a short drive away.
Floorplans
Documents available on request, please contact for viewings or further questions.
The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.
Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.
About Sittingbourne, Kent
Sittingbourne is a town in Kent in the south-east of England and lies around 17 miles from Canterbury and 45 miles from London. Over the years it has become a commuter town of London.
The M2 motorway runs south of the town providing an alternative route to the Port of Dover and supplementing the M20. It connects Sittingbourne via the A2(M) to London and Dover.
Sittingbourne railway station is on the Chatham Main Line and the Sheerness Line in the north of Kent and trains are operated by Southeastern. High speed services run to London St Pancras in around 1 hour and to Faversham. Other main line services go to London Victoria, Dover Priory, Faversham, Canterbury East, Ramsgate and Sheerness-on-Sea.
Some of the local attractions include Bredgar & Wormshill Light Railway, Kent Kings Speedway Sittingbourne, Sittingbourne and Kemsley Light Railway, Old Forge War Time House, Milton Creek Country Park, Bax Farm Fishery and days out to the Isle of Sheppey.
The Sittingbourne Retail Park and The Forum Shopping Centre offer a number of retail shops including high street favourites and independent shops. A regular Friday street market operates in the High Street and many of the large supermarkets can be found in town as well as independent butchers and green grocers.
As north Kent is very rich in chalk and in great abundance associated industries developed such as water transport, paper and cement, all of which continue today. Other large employers are in the industries of fruit preserving and packing, whilst new industrial and retail parks provide additional employment.
Colfe Way,
Kemsley,
Sittingbourne,
Kent,
England,
ME10 2TF
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