On the market with Haarts and Christopher Nevill is this six bedroom, two bathroom House of Multiple Occupancy (HMO). The mid terrace house is priced at £425,000 to £435,000 depending on the source.
The numbers look interesting. The property is let for £2,970pcm. That makes for a total of £35,640 rent per annum. At a sales price of £435,000 makes for a gross yield of 8.2%.
However the rent includes bills which depending on the tenants (students are exempt council tax) will mean deductions for gas, electric, water etc. Details will need to be investigated. Also a fully managed property will involve further time and costs. Don’t under estimate work required in managing such a property! Something we are happy to discuss.
The property is a short walk from Brunel University so well placed for students locally who would be my target tenant type for this property.
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.
