This was a question a rather rain-soaked landlord asked when I met her at her property last week.
If you are coming to the market fresh there are 94 properties on the market in UB8, the Uxbridge postcode which covers Uxbridge town, Cowley and south of Hillingdon village over towards Hayes. So plenty of choice. Starting with the smallest, studios range in price between £97,500 and £129,950 and there are only a few on the market at the moment. They rent for between £620pcm and £725pcm which gives an average yield of 7.1%.
One bedroom flats cost between £154,950 and £289,950 and rent for between £800pcm and £1150pcm. At the lower price end that makes for a yield of 6.2% and on average a yield of 5.3%. Carrying on this re-search shows the average two bedroom flat yields better at 5.7%. We normally see yields lower for two beds than one beds, so perhaps the purchase price for one bedroom has increased and two beds currently offer better returns for investors.
But as I discussed with my landlord, if you look carefully it’s still possible to get a strong yield from property in the Uxbridge area. If you would like more useful information call in for coffee at our office on Hillingdon Hill, Uxbridge or give us a call 01895 257935. We don’t sell homes but love helping buy to let investors find great property tenants will love.
