On the market is this studio flat in the popular Newcourt development in Cowley. This location is one of the main concentrations of studio property in the Uxbridge area and the property changes hands fairly frequently in this area. So a nice liquid market for an investor.
The studio is priced at £117,500. At the moment studios can achieve £725pcm in the area (subject to being in good condition). At this value the property would achieve a yield of 7.4%. I think it would need some tender loving care to achieve this rent but that’s a yield you don’t often see south of the Watford Gap so could be a good buy for a good landlord. Even if you spent £10,000 making it spick and span the yield would be 6.8%.
The location is equidistant from West Drayton and Uxbridge and is well served with buses to both towns – there is also an allocated parking space.
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.