Friday 15 August 2014

Buy to let deal of the day - one bed vs two bed

So, spotted this late last night on my usual trawl through the property portals and thought it would make a good comparison for today's buy to let deal of the day.

Both properties are in the same house...yep, the same house, which is why they make a good comparison as all other factors are equal.  The upstairs has been converted into a 2 bed split level maisonette and the ground floor into a decent size 1 bed. Done to top spec so a walk in investment if that's what floats your boat...

Option 1 - The One Bed

  



So this is the ground floor with a private 'patio' so, unfortunately, not a proper garden. On at £299,950 you would get around £1100pcm for it making a yield of 4.4%

http://www.zoopla.co.uk/for-sale/details/34165659

Option 2 - The Two Bed

    

Looks the same huh?! It pretty much is apart from this one is the top 2 floors so obviously a lot more space. On at £399,950 you would get more like £1300pcm for this one which would give you a yield of 3.9%.


With no other factors to consider such as location, and the fact that rental demand for one beds in Teddington is higher than for 2 beds, I think I've made my mind up! :o)

Rebecca Smith


No comments:

Post a Comment