A one bedroom in the forever popular Blenheim Centre with DBK Estate Agents.
On for a GUIDE PRICE of £260,000 situated on the second floor within a building which is in the heart of Hounslow. With excellent amenities nearby such as Local High Street, 24hr ASDA, Tube stations (2 in fact) and with the regeneration of Hounslow happening at this flats door step.
I thinks its safe to say that location plays a massive part in why this will be a good deal.
From a personal experience – as we at Diamond Move Estate Agent fully manage over 100 apartments in the Blenheim Centre. Our experience in renting out apartments there is very very quick.
As a fundamental rule in buy to lets – its minimise void periods. with the Demand for Blenheim Centre high from prospective tenants. this too makes another reason that this a good buy to let deal.
So with great location and slim chances of void periods ticked off- lets now look at the ROI (Return on Investment.)
Rental achieved there are in the region of £1100 – £1250 per calendar month. (£13,200 – £15,000 per annum).
Another thing to bare in mind here is this. We at Diamond Move have been renting in Blenheim since it was built back in 2008. Rents back then for a one bedroom was £875 pcm. Today its circa top end of £1250pcm; thats a 43% growth in rental price. Which just shows the demand for rental in Hounslow.
based on the guide price of £260,000 and the rental potential achievable. Your’re looking at a gross yeild of 5% – 5.7%
Good buy we think…
If you need any advice and wish to have a chat about the Hounslow Property. Get in touch, we would love to hear from you.