Available for £120,000 is this studio flat in Ryeland Close. Ryeland Close is at the southern end of Royal Lane, just to the North of Falling Lane. This location is a short walk from West Drayton Station, which is set to benefit from Crossrail in 2019.
As well as the local station Ryeland is good for Hillingdon Hospital, Stockley Park and is not so far from Brunel, Uxbridge and Heathrow.
As discussed recently the supply of studios in both West Drayton and Uxbridge is low, which I think, has led to the increase in rents seen recently in the borough.
A studio sold last August in the Close for £115,000, which makes for a good starting place for negotiations.
The gross yield at a rent of £700pcm is 7.3%. Again the condition would need to be very nice to attract tip top rents.
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.
Based on publicly available information a review is not a recommendation to buy, more to share what we are thinking about the property. Talk to us if you want to know more.
