Coming up for auction on the 21st September 2015 in the north of the borough is this studio flat in Hallowell Road near Northwood station. Northwood is a strong commuter area on the Watford branch of the Metropolitan line which on the Eastern journey goes into Baker Street and on to Aldgate.
The property is looks to be nicely completed and the guide price is around £130,000 but might well make £155,000. Another studio flat is on the market at £175,000 without it’s own garden but with a gallery bedroom.
The rent is likely to be around £825pcm and as such would yield 6.6% at a sold price of £150,000. So a good yield in a good area.
The lease is decent at 125 years. Of course with auctions as the hammer falls you have bought the property so will need to have completed much of the legal work involved before hand.
Auctions are exciting places. Stick to your budget!
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.
