I have been talking to a landlord who is thinking of purchasing a buy to let property in either Uxbridge or Hayes, but is undecided which area to focus on.
The average house price in Hayes is currently valued at £245,859 with the average asking price of £273,568. The average rent in Hayes in £1040, which means a yield of 5.1%. On the other hand Ux-bridge’ property’s valued on average at around £366,367, with an average rent of £1,657 making for a yield of 5.4%. So the returns look slightly higher for Uxbridge on this snapshot however averages don’t tell all the story.
The area around Hayes & Harlington station is going to benefit from demand from commuters caused by Crossrail opening in 2018. The station there will be ahead of the Heathrow spur so will see more journeys into London than stations further to the West. This bodes well for property demand from both buyers and tenants.
Uxbridge is still extremely popular. Offering excellent road links, access to the tube system and strong em-ployment opportunities.
Sorry I know sitting on the fence doesn’t make for great reading, but I’d say both areas have strong invest-ment opportunities but the decision will have to come down to the merits of individual roads and properties. We can help compare them and give a professional eye on choices between good investments. Feel free to call in at our 113 Hillingdon Hill office or call me, Jeremy, on 01895 257935.
