Friday, 29 August 2014

Great Little Investment in Ifield West

It is always worth splashing out a little bit more for a property that has its own private garden and I saw this little 1 bedroom maisonette being marketed with Astons.

These maisonettes in the leafy suburb of Ifield West have a great shape to the living space that allows for distinct areas for lounge & dining – which is unusual in the smaller properties.  They also have enclosed kitchens rather than the current craze of having cookers and washing machines open plan to the main living area.  With its own private garden I can rent this at £725 per month or maybe even more in todays property starved rental market.  Ifield West is not best served by public transport but car owners would enjoy the allocated parking space. 

If purchased at the marketing price of £154,950 the yield would be a respectable 5.6% but I’d be tempted to put in a cheeky offer based on the highest price achieved for one of these in the 2007 boom time.  If accepted at £140,000 the yield would be over 6% & make the property much more attractive to the investor.

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