Sittingbourne, ME10 2TF | Investment Property for Sale | VES-ME10-001

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%

ADD TO FAVOURITES

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

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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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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