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 or call me on 020 3397 2099.

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