When it comes to investing in property or being a landlord, there are many important things to consider but rental yields are crucial. Even before you buy property or start making plans as to how you should let your property, consider the rental yields.
If the yields are unappealing, you should consider buying property in another area. If the yields are strong enough to grab your interest, do more research and see if this is an area where you can invest and/or operate as a landlord.
It is always a smart idea to speak with a local specialist and as letting agents in Ashford, we’re delighted to say we have helped many investors and local landlords develop confidence and knowledge in the local area.
If you are keen to learn more about the expected rental yields in Ashford in Kent as of late 2018, we are here to help you.
The TN23 postcode area covers the town centre in Ashford, Kingsnorth and Singleton, which means many popular and appealing areas can be found in this postcode.
According to the Rental Yield website, the following property types offer these expected rental yields as of late 2018:
There is a degree of variety in the expected outcomes for the various property types, although the return on a five-bedroom property will be hugely appealing to most landlords and investors. Of course, it is important to remember that these are average rental yields, it is possible to improve the return you would expect from your property.
At Stevens Property Sales and Lets, we are committed to helping you achieve the best possible return on your rental accommodation. Therefore, while the expected rental yield is useful information, it should be treated as a starting point and with our help, we believe you can achieve a lot more.
With respect to TN24, which covers Willesborough, Kennington, Boughton Aluph, Goat Lees, towards the eastern side of Ashford, the expected rental yields are:
In this area, the expected return from a one-bedroom property is the most appealing whereas it is unlikely investors would be attracted to what the five-bedroom property has to offer.
It is also important for you to consider your budget and what sort of tenants you would prefer to deal with. This may impact on the style of property you can buy or what return you can expect to achieve.
No matter what limitations you may face or what you want to achieve, the starting point for a successful letting period is meeting with a local lettings specialist. Contact Stevens Property Sales and Lettings on 01233 640400 and we will be delighted to assist you.