On the market with Matthew Williams is this first floor studio flat in Nicholls Avenue, Hillingdon. Nicholls Avenue is a one way road linking Uxbridge Road and Harlington Road, not far from the top of Long Lane. So good access to all areas in the south of the Hillingdon borough.
The studio is on the market at £109,950 and I would work out my viability numbers based on a rent of circa £650pcm. This makes for a yield of 7.1%. But the service charge is listed at £951.68 (I would expect this to include buildings insurance) so a little expensive.
The location is good, the lease is reasonable at 101 years and the property should make a good long term buy to let. Also a property in the same block was sold a couple of months back for £105,000, which is where I would target my negotiations having viewed the property.
