UPDATE: Originally wrote on 18.01.2016, updated 23.03.2016 I see this one has been reduced by £15,000. Might be worth looking at again as they could be keen to get offers.
On the market with Romans is this two bedroom flat in Otterfield, Yiewsley. Otterfield runs parallel to the High Street at West Drayton and is well located for the West Drayton Station, which is a Crossrail Station from 2019.
Crossrail is a new route across London which will cut swathes of time from journeys where commuters currently stop at Paddington and will be able to stay with the Crossrail train right across the city. It’s causing a lot of excitement amongst investors.
The maisonette is being marketed for £300,000 for a two bedroom maisonette. Let in good condition for £1,200pcm would make for a yield of 4.8%. I like the two double rooms.
A firm understanding would be needed of the lease length and the repairing obligations or service charges. Often they include a share of the freehold but this varies and is worth research.
The property is likely to appeal to people commuting into London from West Drayton, local workers and some of the many people employed at Heathrow.
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.
