Teddington landlords got a 14.2% return last year!

I was talking to a landlord from St Margaret’s the other day about the Teddington and Hampton property markets following my recent article in TW11 Magazine. With all the news about house prices rising, he wanted to know what had happened to average property prices. Well, there is no such thing as an ‘average property’, but according to my calculations, the ‘average value of a property’ in Teddington is now £692,518, which is a rise of £47,936 from the figure I quoted on the Teddington Property Blog 3 months ago of £644,582!

Now by my calculations, the average rent being asked in Teddington is £2,053 per month, which means the yields/annual return are an average 3.6% per year. However, what is impressive is that in the last 12 months, the average value of a property in Teddington has risen by 10.6%, meaning landlords achieved a total return of 14.2%.

When comparing this to what you get in return from banks, buy to let could be good investment for you. Don't get me wrong, there are pitfalls. Hampton landlords would have seen a 10.4% return for the year and Twickenham landlords a better 13.6%. Be you an existing landlord or you are thinking of dipping your toe in the water for the first time is quite simple. Take some independent advice before buying anything, unless you're 100% sure of what you're doing. I say this because I know what happens when people don't.

Rebecca Smith.