Teddington two bed flat with a decent yield

Although this isn't the prettiest block in the town that isn't what's important is it investor friends?! As long as the numbers stack up and you've got a pot of potential tenants (something you'll never run out of in Teddington) then you're buying the right investment property.

This is a good size two bed and from what I'm seeing at the moment, it is definitely size that is winning the tenant race as long as it's a decent standard inside.

      

http://www.rightmove.co.uk/property-for-sale/property-54343196.html


It obviously needs a spruce up, i.e. a lick of paint and maybe new worktops and unit fronts in the kitchen, but you shouldn't need to spend any more than £5k max. If you get it for around £320k, which is reasonable, then your max outlay, minus costs, is £325k. The rental on this is in the region of £1500pcm which would give you a gross yield of 5.5% - cracking for Teddington considering the average is around 3.5%!

Please do get in touch if you're interested in finding out more about buy to let or property investing in general - I'd be happy to have a chat.

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