Afternoon – NICE sunny day day to go viewing today. In fact with the sun shining this week, it seems to be a good week to go viewing properties in Hounslow.
So I’ve seen this 2 bed flat in Heston – being advertised by Arron James for £279,950
Why Do I think its a good deal – well its near local schools with excellent ofsted reports. so this attracts tenants that want to be in catchment areas for these schools. and also will show a bit of confidence to a landlord that a tenant is likely to be long term, so will help minimise void periods.
We current have a few 2 beds on management here, so I know that they do rent out quick.
Expected rent you can achieve is about £1250 + per calender month.
so with a purchase price at asking price of £279,950 and a rental of £1250 pcm your looking a at rental yield of 5.3% gross return on investment.
5.3% is a good return bearing mind that 4.5% is the average return in todays market…
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