This two bedroom flat is located in Mill Bridge Close, Cowley. Mill Bridge Place is a modern development located on the fascinating Uxbridge Moor. The property is on the market for £240,000.
Like my last property, this one is still close to Uxbridge town centre, about half a mile away.
At nearly thousand years the lease is very long and should outlast your children's children several times over.
The property should let for over £1000pcm. I would hope for £1050 or £1075pcm. At 1000pcm the yield is 5%.
What would I say to a friend who was thinking about buying this property? A two bed sold in July last year for £187,000. Another sold April 2013 for £184,000. Even with a strong increase the value might now be £210,000-£225,000. The price at £240,000 looks a little high given recent sales in Mill Bridge Close, but hopefully within negotiation.
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.