Buy to let deal of the day - 4th July 2014

During a conversation with one of my landlords yesterday she was getting frustrated at the fact that she didn't seem to be getting more than a 3.5% yield. Not taking into account the capital appreciation, she was looking for nearer to 5% in order for her to pocket a decent amount each month.

Without looking too hard its not difficult to come across 5%-ers, you just need to do the maths. And don't forget, although yields aren't amazing at the moment, we've seen some seriously impressive capital appreciation over the last couple of years so always factor that in when doing your sums.

I love this one. This is a cute 3 bed terrace, this time in Whitton, Twickenham. There's a strong rental market in Whitton as it's not as pricey as Twickenham, Richmond and Teddington, but still nice and has the commuter links into London.

 

http://www.rightmove.co.uk/property-for-sale/property-45216100.html

Very good standard for rental and includes a pretty, south-facing garden so should attract a premium of around £1700pcm. The price is quoted as saying 'offers in the region of' £425k which means they're looking for around £420k. So, say you get it for that, that means a yield of 4.8%. Not bad. And when you consider that the prices on average in Whitton have increased by 9% over the last year, not bad at all!

Rebecca Smith