One of my regular landlords asked me about the Oak Farm Estate in North Hillingdon. It's broadly the area south of the A40 and just East of Long Lane. Does the area appeal to tenants? The answer to that is an emphatic yes. The area is strongly
One of my regular landlords asked me about the Oak Farm Estate in North Hillingdon. Oak Farm is broadly the area south of the A40 and just East of Long Lane. Does the area appeal to tenants? The answer to that is an emphatic yes. The area is strongly residential and has good access to the A40 Western Avenue and a big draw is Hillingdon Circus tube station which is on the Metropolitan/Piccadilly line in walking distance. Great for getting to Ruislip or Uxbridge or into town.
Tolerance is needed for the odd aircraft which comes over from RAF Northolt depending on where your property is on the flight path!
What Property is Available?
Property available in the area is mostly two beds (maisonettes or houses), three beds or four bedroom family property. However there is a one bed available in Leybourne Road for £160,000. Two bedroom houses in the area are on the market at around £270,000, three beds start at around £350,000 and four beds around £410,000. The two beds let for £1,100-1,200 pcm, three beds from £1300, most typically £1,400 and four beds for £1,500pcm. That means the yield offered is 5.1% for 2 beds, 4.8% for 3 beds and 5.1% for 4 beds.
Granville Road, Hillingdon
How Have Rents and House Prices Changed Recently
Rents have risen by around £100pcm over the last eighteen months or so for the larger property, but house price growth has outstripped that with prices in UB10 rising by 9% per year for the last two years. All this means that yields have dropped, but growth in rent and capital growth has to be a good indicator for a property investor.
If you would like more useful information call in for coffee at our office on Hillingdon Hill, Uxbridge or give us a call on 01895 257935.