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Buy To Let Property Review: Studio Flat Lowdell Close

On with R Whitley, this studio flat is in a strong buy to let area with easy access to Hillingdon Hospital, West Drayton Station, Brunel and the bus services. There is allocated parking and Stockley Park is just down the road.

On with R Whitley, this studio flat is in a strong buy to let area with easy access to Hillingdon Hospital, West Drayton Station, Brunel and the bus services.  There is allocated parking and Stockley Park is just down the road.

It is on the market at £102,950 and is in need for work.  It looks like modernisation work is partially completed, so aditional work is going to be required, a builders estimate would be helpful and we can give assistance with contacts for the work.

The lease of 960 years will outlast the next few generations of your family.   At £650pcm the property will have a gross yield of 7.6% but this does not include provision for the building work, if the work costs £10,000 the yield would be 6.9%.

 

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