A landlord came in to discuss investing in a one bed property between Hillingdon Village and Yiewsley, near Hillingdon Hospital. Afterall there is a lot attract tenants to the area. Employment opportunities at Brunel, the Hospital and half a dozen...
A landlord came in to discuss investing in a one bed property between Hillingdon Village and Yiewsley, near Hillingdon Hospital. Afterall there is a lot to attract tenants to the area. Employment opportunities at Brunel, the Hospital and half a dozon good bus routes to Uxbridge, Hayes, West Drayon or Heathrow or the West Drayton Station about a mile way. Which is a respectable walking distance to burn off a few calories each day in my case!
Royal Lane provides a back bone for roads such as Clarkes Drive, Ryeland Close and Lowdell Close. These roads contain a choice of studios and one and two beds. For example one beds in Clarkes cost around £160,000 and rent for around £800pcm which is a yield of 6%. Capital growth is respectable too in the area with growth of nearly £30,000 in the last five years.
Sitting closer to a main line station than Clarkes Drive, Ryeland Close has two bed houses for around £250,000. They will let for circa £1,100 pcm offering a yield of 5.3% at this price. Again over the last five years prices have increased by around £50,000 for these properties.
As I mentioned to my landlord property is not a short term investment and has risks, afterall you won't see so much capital growth if you are forced to sell in a falling market but aiming to hold the property for the long term and not borrowing too much will help minimise these risks.
if you would like advice on choosing properties, come and see us at our office in Hillingdon Hill or email firstname.lastname@example.org