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.
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