Buy to let deal of the day - up and coming Whitton!

As most of you probably know by now if you read my blog regularly, there are areas that have 'up and come' and there are those that are 'up and coming'. Now, I'm not going to say that those that have 'up and come' are not going to keep on 'up and coming' (thinking of Teddington here!) as the demand to live in these places will always be there. However, as they get more and more 'up and come', more and more people get priced out of buying there. They therefore look to places just outside that are still affordable and buy there instead. This pushes up the demand for property in those areas and makes them 'up and coming' which for you, Mr or Mrs Landlord, means that if you can get in early, you will benefit from the most capital appreciation in the shortest amount of time.

In my opinion, one of those 'up and coming' areas is Whitton. Just outside Twickenham with good transport links and a 'getting more decent' high street. This 2 bed flat has just come on to the market at £299,950 which I think is a bit ambitious. I'd offer £280k and cross your fingers! At that price, with a rent of £1350pcm you'll get a decent gross yield of 5.8%. No work needed either so just get it straight on the market and tenanted to bring in an income from day one. Simples.

http://www.zoopla.co.uk/for-sale/details/36245244

    

If you want any advice on what investment property to buy or are a current landlord looking for a better letting agent then please do give me a call or drop me an email. I'd love to hear from you.

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