Good Buy to Let & Investment Deal in HOUNSLOW

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This morning I spotted this one bed maisonette with garden on rightmove being offered by Chase Buchanan for £279,950

http://www.rightmove.co.uk/property-for-sale/property-59799730.html

Why did I choose this as a good buy???

Well firstly its got great potential. Being a first floor maisonette means having a loft!!! And we all love a loft conversion! and its got a garden!!

So subject to consent and planning permission you can add an extra room to add value to this property.

Secondly, location is walking distance to Hounslow High Street and also Hounslow Train station. So very rentable.

In terms of return on investment – Well lets run the numbers…

As a one bed flat (like it is currently)

Based on purchasing at asking price : £279,950

approx rental as a one bedroom flat : Approx £1100 pcm (£13,200 p.a) 

Return on Investment: 4.7% yeild

As a two bed flat (subject to planning permission and consent)

Based on Purchase at asking price: £279,950

Works to add second room: approx £25,000 – £30,000

Total: £305,000 – £310,000

Approx Rental of two bed flat: approx £1400 + pcm (£16,800 + p.a)

Return on Investment: around 5.5% yeild

A good Potential opportunity to add value in a tough market

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NEED HELP ON ANYTHING TO DO WITH PROPRETY?

You see, we talk to landlords, investors and home-owners in Hounslow, just like yourself on a daily basis. Couple that with our in-depth knowledge of the Hounslow area, we are able to offer unbiased, REALISTIC information about your next rental investment.

If you want any more information on your next investment property in Hounslow or surrounding areas, or anything to do with Property Investment in Hounslow including renting and selling your investments/property, please feel free to call …

Manraj / Sheetel Bisran : 0208 577 8855