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/