Deciding on property to purchase for an investment can be about striking the right balance between gaining yield (rental income) and long term capital growth. Take for example this two bed flat in Ayles Road, North Hayes – It’s quite close to Kingshill Avenue at the Yeading end.
The flat is on the market at £215,000 and whilst not the prettiest building it’s also a fair way from a tube station. The bus service is good but there is no allocated parking. However there is on street parking locally. I would expect the property to let to a young small family.
It’s one of the cheaper two beds available in the borough for £215,000. The rental range for two bed property in Hayes is £1,000pcm to £1,500pcm. Being a cheaper property you would expect the rent to be towards the lower end of the scale which would be the case. At £1,000pcm the yield would be 5.5% and at £1,050pcm it would be 5.9% which is a reasonable return and a better yield than the average in the area.
So looked after this one should provide a long term income for the landlord. Clearly internal inspection and an understanding of the lease will be needed.
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.
