Thursday, 16 October 2014
High yield buy-to-let flat, SW9
I've just come across this chain free 3 bedroom split-level flat in SW9. A recent price reduction from £314,950 to £299,950 makes it an even better buy-to-let prospect.
Within easy walking distance of Brixton (Victoria Line) and Stockwell (Victoria and Northern Lines) and in a well maintained ex-local authority block, it would comfortably rent for £425 per week after a quick clean and a lick of paint. This offers an excellent rental yield of 7.4% - even better if you can negotiate to below asking price of course! Capital growth won't be as high as other property types, but where else can you get a 7.4% yield for under £300k? The option to then re-mortgage in the near future and draw finance to purchase another could see you operating a small portfolio in no time.
Got your eye on a buy-to-let property? Thinking of buying, selling or letting? Why not ask my opinion with no obligation? Feel free to email me in confidence at firstname.lastname@example.org or call me on 020 3397 2099.
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