I am seeing more two beds on the market at the moment which are looking reasonable value compared to a recent push in prices on one beds in the area. So lets compare and contrast a couple of properties. By choosing these two particular properties this might be a biased view (and it is) but I am sure you understand the point I am making.
Take for example a one bed maisonette near the bottom of Vine Line at £240,000 on Chestwood Grove, or this two bed in Ickenham at £250,000. I appreciate there’s a short lease on the two bed, but factor a lease extension in at £23,000 (this would need to be priced by a solicitor) and it looks reasonable compared to the one bed. At a push a one bed well let for say £900pcm (the average is closer to say £850) compared to say £1100 for a two bed.
At these prices the yield would be 4.5% on the one bed and 4.8% for the two bed (with the £23k factored in). Worth looking around at the moment.
What I am not saying is that the one bed is a poor investment. Just that it looks less good VFM than the two bed at the moment presented side by side.
Belvoir Uxbridge don’t sell property, we are lettings specialists, but we do guide people based on our experience as to what might make a good buy to let property investment in the Uxbridge, Hillingdon, Hayes and West Drayton area. We don’t charge for this service but we would like to manage your property or help you find great tenants.
Based on publicly available information a review is not a recommendation to buy, more to share what we are thinking about the property. Talk to us if you want to know more.
