Monday, 8 September 2014

Buy to let deal of the day - WOW factor potential!

I picked Isleworth today as its good for investing if you can find the right property. It's on the borders of the more expensive Twickenham so a cheaper option for commuters wanting the fast links to Waterloo. I'd describe the area as 'up and coming'...!

I came across this large 3 bed flat which, once you've spent a few thousand on it, will really have the wow factor! It has a HUGE terrace which is pretty much half the size of the whole flat. You just need a new kitchen and bathroom and a lick of paint everywhere and it would rent every day of the week..

       

This should give you a yield of around 5.2% taking into account the list price of £345k, spending around £5k doing it up to a decent standard and getting in the region of £1500pcm in rent. The more you can get off the list price though the better. 

And don't forget, doing the work will immediately add value improving your investment further.

http://www.zoopla.co.uk/for-sale/details/34417617#uVJDiXAzhLsegP9o.97

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

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