There’s a two bed property on the market in Osprey Close, West Drayton that might well make a suitable property investment close to West Drayton station. Two years ago I looked at a similar property on Osprey Close.
This really illustrates what has happened in the market in the last couple of years.
Prices have moved on a lot in the area. I would now be looking for rent of £1,150pcm rather than £895pcm, a 28% increase. Perhaps my rental expectation was pessimistic then? Hindsight is a great help. But the asking price for that property was £184,950 compared to £259,950 now. The asking price is now 40% higher than two years ago.
Clearly someone would have got a great bargain if they bought then. This change reflects the demand in the area and shortage of supply, a classic market condition for rising prices. The supply shortage is really due to lower volumes of new build property and the number of people deciding to sell their homes.
But some things don’t change this location is still nice and close to West Drayton station. And the questions about the property are the same between both properties – the kitchen and second bedroom are still small.
The final thing that;s changed is Crossrail is now two years closer, which knits West Drayton closer to London…
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.
