Buy to let deal of the day - two bed in Hampton

Now, I drive past this block of flats regularly as its not far from where I live. For a couple of weeks now there has been a Dexters Sold sign outside so I'm not sure if it has already gone or not (agents are devils for leaving properties as for sale or to rent on the property portals to generate more leads which means you can never be sure whether its still available until you call to enquire - annoying)!

Either way, lets take a look at it....

  

Its a pretty big two bed in a gorgeous building. The good news is it needs some work doing which means you are immediately adding value. On at £315k, I reckon you can get some money off the price and spend on the refurb to still keep your total investment at the £315k mark. Done up I reckon this would be worth £340k, maybe even £350k. Given your rental would be £1400pcm, that gives you a decent gross yield of 5.3%.

http://www.rightmove.co.uk/property-for-sale/property-32775729.html

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