Buy to let deal of the day - 7.2% yield in Feltham

Ok, so if you live in Teddington then you probably don't want to invest in Feltham BUT you can't ignore the numbers. So, if you're looking for cashflow as much as, if not more than, capital appreciation then you should at least consider this one....

Definitely a bit of an ugly duckling but it's a 3 bed flat on at £195k, yes £195k - imagine that in Teddington!! It needs updating so you're adding value immediately and should only cost £5k to do. No pictures of the kitchen and bathroom though so you may need to push that up by a couple of k if they're as bad as I suspect they are. I'd also suggest a lot of NEUTRAL paint!!!! :o)

   

Looking at the figures, say you get it for a bit under the asking price and your total investment is £200k, you should get around £1200pcm rent which would give you a gross yield of 7.2%. Not bad eh?! 

http://www.rightmove.co.uk/property-for-sale/property-48902531.html

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

Buy to let deal of the day - renovation project in Twickenham

This one isn't for the faint-hearted as there's a lot to do! It's priced too high in my opinion given the amount of work which obviously needs doing. If you can get it for £385k (what its worth), spend £10k on it bringing it up to top spec and maybe re-jigging the layout a bit then, not only will you make about a 4.6% yield (£1500pcm rent), but you will have added at least £40k to the value. Also, the capital appreciation in this area will always be on the up, a little or a lot, but always on the up.

It's in a prime location in the middle of Twickenham a short walk from the train station with its fast link into London so high demand from tenants....



http://www.zoopla.co.uk/for-sale/details/34857519#GE74cohRjSGetlmM.97

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

Do two-bed flats on Twickenham Road make good investments for Buy to Let?

I was talking to someone who lives in one of those 1930’s 3 bed detached houses on Twickenham Road between The Wharf restaurant and the mini-roundabout on the way into Twickenham. That part of Twickenham road is primarily split between blocks of one and two bed flats and 3 or 4 bed semi-detached and detached houses. Research shows that most landlords like to buy their investment properties in an area they know and love which is usually within 5 miles of where they live. This landlord though was looking even close to home as he was interested in a two bed flat on his own road! He’d noticed my previous articles on property investing in Teddington and so asked my opinion on how good an investment they are and whether he should take the plunge. So, we looked into the figures…

Firstly, we found that of the 345 houses and flats on Twickenham Road, 213 of them have sold and changed hands since 1999 (some up to 5 times!), so obviously a good place to buy and sell. The average value of properties on Twickenham Road is £763,128 compared to the average across the whole of Teddington which is £731,308. So, an above-average performer.

Property values in Teddington have risen on average by around 328% over the last 14 years, but most flats on Twickenham Road have beaten that rise, rising on average by 364%. For example, a high spec two bedroom flat in Regatta House, the block next door to The Wharf, rose by 383%, from £199,950 in 1997 to £766,690 in 2013 – and this is one of many.

With excellent capital growth you would expect yields to be comparatively lower. Most two bedroom properties on the road can be picked up anywhere from £500,000 to £700,000 depending on the size and spec and could have achievable rents of £1700 per month. This means annual yields are around an average 4%. S, put simply, the answer to the question is 'yes'!

Now here's today's picture that brought a smile to my face....!

Rebecca Smith

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

Buy to let deal of the day - well-priced 3 bed flat in Isleworth

I'm coming back to Isleworth! I know it keeps cropping up on my blog, and that's because I do believe its a good place to invest. It's walking distance to Twickenham and yet far cheaper. It has good transport links and, in my opinion, will outperform a lot of other areas around here in terms of capital appreciation over the next few years.

This one isn't the best looker but not so bad that it would put people off. 3 bedroom flat a 10 minute walk from Twickenham station, nearer than a lot of properties actually in Twickenham! It's on at £269,950 so, say you do actually pay the full asking price, you will get £1450pcm in rent giving you a 'not to turn your nose up at' 6.4%!

    

 

http://www.rightmove.co.uk/property-for-sale/property-46302802.html

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

Buy to let deal of the day - cheap as chips!

So this one is a nice, easy investment for those of you with a tight budget but who still want a decent property that will attract a decent tenant. It's a studio flat on Kingston Rd in Teddington done to a very high spec. 

It's on at £210k but has been on the market for nearly 6 weeks so there should be a deal to be done. I reckon if you can get it for £200k, you'll get £950pcm which gives you a not so shabby gross yield of 5.7%! Happy days!

  

(NB - the fact that you are cooking approx 3 yards from where your head is in bed may put you off but it won't put lots of tenants off so don't worry)! 

http://www.zoopla.co.uk/for-sale/details/34418329#qUtV3upMvvD7h4mD.97

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

Buy to let deal of the day - a one bed property in Hampton for £120k?!

Good morning blog reading friends!

Would you have thought it possible to buy a one bed house in Hampton for £120k? I wouldn't! BUT, this one came on last week so I thought I'd look into the details. Yes, it's the size of a matchbox, yes, it needs a good chunk of work doing to it and no, you or I probably wouldn't choose to live it it BUT that doesn't mean its not a good investment!

    
The one thing I would say about this one though is that you would definitely need to get a FULL structural survey done on it before any money changes hands - flat roofs can make me nervous if not checked out properly as the risk of leakage or damage (often caused by a botch job) is higher than on a standard pitched roof.

The possibility of adding value here could be huge when you consider the average price for a one bed in Hampton is £289k! It would obviously not reach anything like that value given its size and appearance but even half way there would make your investment worthwhile. I would put the rental figure on this at around £900pcm once renovated and so, say you spend a generous £10k on it, that would give you a gross yield of 8.3%!! :o)

http://www.zoopla.co.uk/for-sale/details/34767430#qr5bFUFZT3E752Ig.97

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

Buy to let deal of the day - 5% yield in Teddington!

Ok, so you should have gathered by now that if you want a high yielding property then Teddington is not the best place to buy! However, for capital growth on the value of the property, its right up there with the best of them (11% was put on the value of the average Teddington property in the last 12 months)! Therefore, its pretty rare to come across anything that will deliver at the magic number of 5% yield.....but this one does!

It's a 2 bed flat just off Kingston Rd on the Hampton wick side of Teddington. Nice standard so for rental purposes you don't need to spend anything on it. Good looking block too....

    

It's on at £300k, reduced by a whopping £50k from a month ago, which is a great price around here for a 2 bed flat (I would ask lots of questions of the agent as to why it does seem such a great price - my suspicion would be that it has a high ground rent/service charge and/or a short lease). That aside, you will get around £1250pcm for this any day of the week giving you a nice round 5% yield!

http://www.rightmove.co.uk/property-for-sale/property-32212227.html

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