Friday, 10 October 2014

Buy to let deal of the day - Teddington Double!

Morning!

So the sun is finally shining on this Friday morning - for how long no-one knows so lets make the most of it!

I have 2 investment opportunities this morning as I couldn't decide which one to blog about so thought I'd just do them both. See which one appeals to you...

Down Road - Tenant in Situ

This came on yesterday. One bed flat in high demand rental area with tenants already in. It's a decent rental standard so you don't need to spend anything on it but it's by no means 'high-spec'! 

  

On at £300k, I called the agent and found out that the tenants are paying £1050 pcm. That would give you a yield of 4.2% in an area that's likely to give you good capital growth.

http://www.zoopla.co.uk/for-sale/details/34795600#EUALBBFA48Z17Ikl.97

Stanley Road

I've mentioned Stanley Road a few times on my blog as I like it for investments in Teddington. One of the more affordable parts of the town with high rental demand. This one caught my eye as it seems pretty cheap for what it is at £259,950, and, if you look at the fine print to the side of the advert you'll see that it was bought by the owners last September for £325k! I would do some questioning of the agent as to how that's the case when the owners have fully refurbed it in that time.

  

That aside, if you look purely at the figures, I reckon this will rent at around £1150pcm giving you a, very good for Teddington, yield of 5.3%.

http://www.zoopla.co.uk/for-sale/details/34610493#WQkPCISfSxUA1oYT.97


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

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