Buy to let deal of the day - take your pick in St Margarets...

So, I'm starting to like St Margarets. It's not as pricey as Teddington or Hampton but it's highly desirable to renters still because of its transport links to London and 'villagey' thing going on. 2 have come on to the market today which I spotted for different reasons. Lets see which would make the best investment....

So, number one..
http://www.zoopla.co.uk/for-sale/details/33636644

 

This one is a 3 bed flat in a purpose built block - good size, decent rental standard so no work needs doing other than a bit of touching up here and there.Maybe you wouldn't jump at the opportunity of living in it yourself but there's lots out there who would (remember rule number one - it's not about you)! On at £385k and would rent at about £1800pcm (would be £2k if on the other side of the A306 a bit nearer to the station). That gives a yield of 5.6%. Nice.

Number two...
http://www.zoopla.co.uk/for-sale/details/33636644

 

2 bed maisonette literally around the corner from the first one. Prettier? Yes, Would you live in it? Probably. But lets have a look at how the figures stack up. Its on at £449k (yep, £85k MORE than the first 3 bed) and being a 2 bed, but a very nice 2 bed, would rent at around £1450pcm. That makes a yield of 3.9%.

I know which one I'd be choosing!!

Rebecca Smith