A landlord who called into our office on Hillingdon Hill wanted to discuss two bedroom properties in the area as a potential buy to let investment. Two bed houses are found across the borough and are often either terraced or semi-detached.
Two bedroom houses cost more than flats and don’t generally let for more than they do, but as an owner and free holder in two bedroom houses you are free of lease issues and service charges. In Uxbridge typical terraced houses might cost £269,000and rent for £1,150pcm which makes for a yield of 5.1%. Two bed houses in Hayes start from around £220,000.
Two bedrooms which are close to stations, have a nice garden, are well presented and have adequate parking and ideally a garage will find favour with tenants.
I would always look for what makes a good rental property, but if there is extra value to be gained it can be worth looking for. Careful planning and searching might find houses large enough with potential to create value by making three rooms from the existing two (subject to planning etc).
If you want to discuss finding a great Buy To Let investment talking to a Lettings Specialist is a good place to start we, don’t sell houses but we can give you ideas on what to look for in a property investment.
