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Buy To Let Property Review: 2 Bed Flat, Greenway, Yeading

Coming to auction on the 27th October 2015 is this two bedroom flat on Greenway in Yeading. Don't be confused this property is not on The Greenway in Uxbridge near the centre of Uxbridge and Brunel (if only...).

Coming to auction on the 27th October 2015 is this two bedroom flat on Greenway in Yeading.  Don't be confused this property is not on The Greenway in Uxbridge near the centre of Uxbridge and Brunel (if only...).

At auction if you bid and the hammer falls you have bought the house. Run off and the auctioneer can legally sign all the documents and you are deemed to have made the purchase.  So legal work needs to be done before you bid.  No backing out here.

Auction warnings put to bed lets look at the house!  Well it's let for £1,150 at the moment. There are no internals so you would need to go and take a look.  This is an ex-local authority property and the building won't win any beauty prizes.  That said the setting with views onto Yeading Brook Meadows Nature Reserve aren't bad.  The room sizes are decent, which is always encouraging.

The guide price is £195,000.   A similar property locally has been on the market at £215,000 and others have fetched £230,000 locally so on a good day someone might purchase this property for around the guide price.

If they do then let at £1150pcm the yield would be 7%.  Not often I comment on property at that yield level in Hillingdon.  But it all depends on what happens on the day at auction!

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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