On the market with Charrison Davis is this one bedroom ground floor flat for £160,000. Seems like a reasonable price when studios are costings this amount not so far away.
The flat is in Mimosa House, Larch Crescent, Yeading which is close to The Parkway near the Willow Tree roundabout (that’s the B&Q / Tesco’s Hypermarket).
The flats are ex-local authority and a way from the station. I think that this type of property will offer an excellent long term yield with less exciting price growth opportunities. People need good quality housing and provided that you give people that you won’t be short of tenants in this location.
For example a one bedroom flat offered in Septemeber was on the market for not very long at £950pcm. It looked to be in better condition than this one but a potential gross yield of 7.1% should be looked at carefully.
The lease length, I understand is 92 years so I would expect this property to sell for well in excess of the current asking price.
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.
