Friday, 21 November 2014
7% yield in Brixton
This four bedroom flat in SW2 is available through Beresford Residential with an asking price of £375,000.
At over 1,000 sq. ft. and offering four good size double bedrooms plus a reception room, it would make an ideal buy-to-let property. If there's one downside it's the lack of public transport links in the immediate area. Potential tenants would have a 15 minute walk to the nearest train station, but given the demand for four bedroom properties this shouldn't be problematic.
At this time of year it could be expected to achieve in the region of £480 per week, but in the peak summer rental market where sharers are willing to pay a premium for three and four bedroom properties, £525 per week wouldn't be unrealistic. This represents a fantastic 7.3% yield at asking price.
If you've spotted a buy-to-let or development opportunity in SW London, give us a call on 020 3397 2099 for free advice with no obligation.
Research by Hamptons shows that siblings are increasingly chipping in to help brothers and sisters onto the property ladder. In 2023, siblin...
Time for another video! Check out this video to see if you are making these mistakes and costing yourself an arm and a leg. I focus on getti...