Tuesday 20 January 2015

Buy to let deal of the day - Teddington 5.9% yield

Back to Stanley Road - a great part of Teddington to invest in. The fact that its on the borders of Fulwell, but still in Teddington, makes it more affordable and therefore attractive to tenants. This is a lovely little one bed flat, on at £234,950 which seems cheap to me. I'd be checking out the lease details and I reckon when you view it it will be very small. The lack of floorplan may be a trick to get people through the door before they realise how small it is. Size not so important for the rental market though and the demand in this area means it will rent for at least £1150pcm every day of the week. That gives you a gross yield of 5.9%.

     

http://www.zoopla.co.uk/for-sale/details/35695042#FVeJZ2LTMKEcvyDJ.97

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

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