In Uxbridge there are nearly 5,000 flats. They make up just over a third of housing in the area, which is just about double the national average. The average price for a flat in Uxbridge is £205,00 and prices have risen by just under 6% in the last twelve months.
You can buy a one bedroom flat near to Chiltern View Road, close to central Uxbridge for less than £155,000. Flats in the area let for around £800pcm. A yield of 6.2%. Of course some of the money can be borrowed with a buy to let mortgage, which can increase your return, but you would need to pay for service charges on the flat. Each landlord’s tax and interest rates are different so careful research into your invest-ment is needed before proceeding.
Looking back at sales in Chiltern View Road one flat owner purchased in 2002 for £110,000, they will have seen increases in their property price well over 2% a year even through the global property price crash in 2007. Property prices have recovered since then, one buyer on the road who bought in January 2007, sold this year for a £6,500 profit.
If you would like some advice about what could make a good investment, please visit our office on Hillingdon Hill. We don’t sell houses so are free to consider all property on the whole market when giving advice.
