If you would prefer a freehold property to a lease hold this might be a nice option. The maisonette is a one bedroom on Frankswood Avenue, it’s on the market with a local agent for £235,000. Let at a rent of circa £900pcm would make for a yield of 4.6%
Franskwood Avenue is just off Falling Lane near the bottom on Royal Lane and so just over half a mile from West Drayton Station which features the Crossrail service from 2019. So a nice location for good transport access.
We still see demand for one beds from students at Brunel as well as professionals working at Stockley Park, Heathrow, Uxbridge or commuters so there is a good tenant mix.
The property looks to be in good condition and, whilst not the highest yield, it is a freehold property which brings with it a degree of simplicity for the future, not having to worry about lease extenisons and service charges. Freeholds tend to sell at a premium not reflected in the rent, but hopefully eventually on the bottom line.
This one could offer a nice balance between capital growth and income for a landlord.
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.
