Buy to Let deal in Heston

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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

http://www.zoopla.co.uk/for-sale/details/43862272

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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