Friday, 8 August 2014

Buy to let deal of the day - house in your pocket!

I don't think I've ever seen a house that's just 40 sq metres, have you?! Yep, a whole house! Take a look though...

    

Not bad is it?! And a great garden!

Even though it's small it's pretty perfectly formed and the cute factor will definitely appeal to renters. It's in Isleworth so not the greatest area but has high demand from renters being so close to Twickenham and yet quite a bit cheaper. And don't forget, being a house, you don't have ground rent to pay...bonus.

So, how do the figures stack up on this house that would practically fit in your pocket?! Well, its on at £265k and I reckon you may just be able to push that under the stamp duty threshold. If you got lucky and did get it for £250k then, with a rental figure of around £1100pcm your yield would be a decent 5.3%.

http://www.zoopla.co.uk/for-sale/details/34073641



Rebecca Smith
http://www.rebeccasmithpropertyservices.co.uk/

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