Wednesday 22 April 2015

6% yield in emerging outer prime market - Brixton Hill SW2

As you may have read in my past articles the outer edges of SW2 represent excellent value for money and have shown a strong historic growth. As the popularity of alternative modes of transport increase (cycling to work, buses, trains as opposed to tubes) we will no doubt continue to see good growth on the outer edges of postcodes which have, in the past, been overlooked as good areas for rental properties.

Look no longer. Marketed today by Morgan Randall is this beauty:

A 3 double bedroom property situated near the top end of Brixton Hill. Easy access to Clapham South and Brixton by bus. Estimated rent for the property would be £450pw, so a yield of 6.1% at asking price.

A 3bed in the same development completed at £330k in Dec 14 so perhaps the pricing is optimistic, or perhaps a sign that people are catching on to the fast rising demand/prices that outer areas have to offer. Only time will tell. In summary, take my money.

As always do drop me a line with your thoughts or questions. If you have money to invest in property I’ll happily help you get the best yield I can, likewise if you are looking to sell I have plenty of investors looking for good purchases.

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