This nicely decorated 2 bed property right in the height of Yiewsley High Street has been put on the market at £200,000. Above shops so that has some drawbacks.
Location is very close to West Drayton Station, 0.3 miles away.
The property had a long lease of 170 years, but you would need to understand repairing obligations and deal with a solicitor who understood these kind of arrangements with property over shops. Mortgages can also sometimes be a challenge.
However flats over shops often offer more space than conventional builds and are good value for money.
The flat looks to be over take away type business which tend to take longer to sell and let.
There are two beds in West Drayton available at the moment in the range of between £1,100pcm and £1,500pcm. So even at £1,000 pcm the gross yield would be 6% and at £1,100pcm would be 6.6%. A good return but one which a buy to let investor would need to go into fully appraised of the strengths and weaknesses of such an investment.
Happy to talk this one over if you wanted to call me.
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.
Based on publicly available information a review is not a recommendation to buy, more to share what we are thinking about the property. Talk to us if you want to know more.
