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Buy To Let Property Review: 1 Bed, Knowles Close, West Drayton

On the market at the moment is this one bedroom property in Knowles Close priced at offers in excess of £169,950. I would remind my landlords that one beds have sold in June and this year for at most £160,000. So £169,950 looks toppish, in what.....

On the market at the moment is this one bedroom property in Knowles Close priced at offers in excess of £169,950.  I would remind my landlords that one beds have sold in June and this year for at most £160,000. So £169,950 looks toppish, in what might be a falling market.  I look forward to the Hillingdon September sales figures from the Land Registry to confirm or deny that.

The 97 properties at Knowles Close were built in the late ‘80’s by Wimpey on the site of the West Drayton Water Pumping Station, off Horton Road, Yiewsley. Knowles Close is close to the High Street and just round the corner from West Drayton Station. With Crossrail coming in 2018 property close to the station is ‘on trend’. 

Another reason this area is popular with Buy To Let investors is the long lease lengths on many of the flats. 960 years plus is normal here so no concerns about expensive lease extensions or mortgage issues relating to short leases.  

The list price for the property is £169,950. At a rent of £825pcm the gross yield would be 5.8%.  But with few images what needs to be done to the property is an unknown. 

 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.

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