Thanet properties going under the hammer

A substantial three storey property in Cliftonville consisting of two flats and a commercial unit below is to be offered for sale at the next Clive Emson auction in September.

The property at 154 Northdown Road has an estimated rental income of £20,400 and a freehold guide price of £170-175,000. Both flats are currently let on Assured Shorthold Tenancy agreements and the ground floor shop is empty at present.

There is a courtyard at the back and being in a prominent location is likely to attract interest.

Dave Henwood, auction valuer, said: "This mixed use property is over three storeys and makes for an attractive investment opportunity.

"It might suit someone who wants to live above their own business with another flat to rent – or simply as an investment with a good return.

"According to figures from the HomeLet Rental Index, the average rent in the South East in the three months up to May 2015 was £940, with average rental values up 9.4%. Buy-to-let continues to appeal to investors in Britain's record-low interest rate environment."