On the market in West Drayton is this realistically priced studio at £100,000. Located about half a mile from West Drayton station in Caroline Close. It’s quite close to my last review on Osprey Close.
The agents, Oakwood estimate rent at circa £575pcm which should be achieveable and this would give a total annual rent of £6900, making for a yield of 6.9%. The lease is 74 years, so short which would need extending and the service charge and ground rent are £708pa.
The property is offered with no chain so should make completion relatively speedy and simple for a Buy To Let Investor.
The property comes with a bathroom with enough space for a bath – somewhat rare with studios in the area – they often have just a shower.
