Buy to let deal of the day. Good yield + adding value = happy landlord!

This one caught my eye this morning as to me its a no-brainer. Yes, its in Isleworth so, ok, not the most desirable location - for you - but it is for lots and lots of people looking to rent!

This is a do-er up-er which is always a bonus if you want to take on some work as you're immediately adding to the value. On at £279,950 its a decent size 2 bed maisonette with its own front and back garden. Long lease of 145 years and only £100 pa ground rent. So that's not going to do too much damage to your bottom line....

  

I like it. Spend £5k doing it up, the usual new kitchen and bathroom and a lick of paint and it should comfortably get £1,250pcm rent. So say your total investment, not including fees, is £285,000 that would make a very nice yield of 5.3%. 

AND you would probably have increased the value by about £30k just by spending £5k on doing it up to a decent rental standard! 

http://www.rightmove.co.uk/property-for-sale/property-31504917.html

Rebecca Smith.