On the market with Simple Estates in Hayes is this three bedroom property for £254,950. As our flat is over shops on a busy road so the following questions will always spring to mind:
As our flat is over shops on a busy road so the following questions will always spring to mind:
- What is the lease length?
- What are the lease responsibilities of the occupier
- What is parking like for tenants
- Is the property well insulated?
- Who are the tenants underneath and will their business activity imp[act if I need a mortgage or for insurance?
That's plenty to go along with. But property over shops can often take a little while to sell and let and they can be tricky to get mortgages on. However as they tend to be offered at a reasonable price to the market they will often offer a good yield.
So an investment like this is likely to appeal to a landlord who is in it for the long-term, appreciates the yield over capital growth.
The location is close to Crossrail Station, Hayes and Harlington which might appeal to single professionals but the property would need to comply with HMO legislation if that is the route you wanted to go.
As a single let for three rooms the monthly rent would be circa £1,300pcm, which is the cheapest price you can find a three bed let for in UB3.
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Belvoir Uxbridge don’t sell property, we are lettings specialists, but we do guide people based on our experience as to what might make a good buy to let property investment in the Uxbridge, Hillingdon, Hayes and West Drayton area. We don’t charge for this service but we would like to manage your property or help you find great tenants.