Recently listed on the market is this two bedroom flat in Crispin Way. The flats in Crispin Way are quite modern being completed in 2004. This is part of the development which sits opposite Hillingdon Hospital off Pield Heath Road.
The two bed, two bathroom property with both bedrooms a good double size. The location is good for getting into Uxbridge, Hillingdon Hospital, Brunel University and Stockley Park. So lots of key local areas that are attractive to tenants.
Being a recent build on Crispin Way a high percentage of these properties are buy to let so competition can be fierce when letting to good tenants (and who wants any other type of tenant?) so you are going to need to make sure your flat stays in good condition and the pick of the bunch to minimise voids.
The price is £245,000. The property is currently let at £1,100pcm. This is a gross yield of 5.4%. At the moment there are comparable two beds close by on the market for between £1,095pcm and £1,275pcm making for an average of £1,185pcm. If you could achieve this on a future relet it would move the yield to 5.8%.
There were a couple of sales in Crispin Way late last year at just under £250,000 so the flat looks fairly priced against comparable sales and in this market it’s getting harder to say that.
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.
