Landlords in Brentford
In the west London borough of Hounslow, Brentford is a highly desirable area for buy-to-let investors. With a range of properties on offer, from modern apartments to Victorian houses with period features, Brentford has a population of around 30,000 people, and is popular with professionals who work in the City as well as families.
The average price of a home in the area is currently around £515,000, and has decreased over the last year by around 7.3%. Meanwhile, average rent currently stands at £1800 per calendar month.
One bedroom property in Brentford can start from around £250k, with basic rental income for these types of properties being an estimated £600pcm. This would represent a yield of just short of 3%. Meanwhile, based on the average cost price of £350,000 and an average rent of between £900 and £1100 per calendar month, you would expect to see a 3% to 3.5% yield.
If you’re considering investing in a two bedroom property, these tend to start at around £250k, but have an average asking price of approximately £400k. On the rental market, you can expect to see a minimum income of around £1250, with an average of £1400. This would return a yield of between 4 and 5%.
For three bedroom homes, prices start at around £400k, but on average will sell for £600k. With rents starting at £1450pcm and averaging at around £1800pcm, you can expect to see a yield of 3.5% to 4.25%.
£500k-£700k is the typical asking price for a four bedroom property in Brentford, with average rental income £2000 to £3000 per calendar month. This results in a yield of between 4.8% and 5.2%.
Finally, if you’re considering purchasing a five bedroom property on a buy-to-let basis, then these are available for a minimum of £600k, however on average are sold for £800,000. With rental property of this size in short supply, rents can be anywhere between £3000 and £6000 per month, representing a yield of anywhere between 6% and a considerable 9%.
This guide is designed to indicate the current buy-to-let market in Brentford, but it’s vital that potential landlords and investors seek the advice of a reliable, trustworthy estate agent such as Hunters. Our expert staff will be able to offer additional knowledge of the area and provide a strategy to boost potential rental income.