Buy to let deal of the day - 5% gross yield in Whitton

Love this one! It could only be made better if it needed a speedy refurb so you could add value as well. However, if 'get in - rent it - get out' is your bag then fill your boots with this one - it's fab!

      

http://www.zoopla.co.uk/for-sale/details/36544114#PYuFBlGW7d6SHKsZ.97

Cracking location just a 5 minute walk from Whitton station on a lovely leafy road. Its on at £325k which is definitely the top end of where I'd value it so certainly don't pay any more than this. Ideally you want to get it for £315-320k. It will rent every day of the week for at least £1350pcm giving you a gross yield of 5% even if you pay the asking price, so potential to squeeze a bit more from it.

Only downside is that its a flat so you will have service charges to pay. Its not a new block though so should be more reasonably in the region of £600-800 per year (rather than the £2k per year you sometimes have to pay in the newer developments - ridiculous)!

Please do get in touch if you have properties you currently rent or are looking to expand your portfolio. First and foremost I'm a local independent letting agent and I also source properties for buy to let investors. If you want a chat though - that I can definitely offer you for free! :o)


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