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/