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:

http://www.rightmove.co.uk/property-for-sale/property-34087464.html

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. jeroen@xandermatthew.com.

Buy-To-Let in Streatham Hill

This two bedroom flat in Streatham Hill has been on the market with Haart for just over a month, and was reduced today from £295,000 to £288,000.

http://www.rightmove.co.uk/property-for-sale/property-46638283.html

The ground floor flat in Balcombe House, SW2 is within walking distance of Streatham Hill station (for London Victoria) and offers two good size double bedrooms as well as a large reception room. In the current rental market it could be expected to achieve £1,400pcm, offering a 5.8% yield at asking price. 

It's not uncommon for properties in the £250,000 - £300,000 range to have difficulty attracting buyers because of the stamp duty threshold. It's likely that the vendor would entertain offers lower than the asking price, enabling a buy-to-let investor to maximise their yield.

Thinking of buying, selling or letting? Ask my opinion with no obligation by giving me a call on 020 3397 2099, or email me at jeroen@xandermatthew.com.