We often hear about location and condition being the primary factors that determine value, though square footage is what holds the ace card. Flats in their standard form can sometimes be difficult to develop in terms of adding an extra bedroom to get you into the next price bracket.I was keen to find a flat that could offer the best of both worlds and this little beauty came up with a 140sq ft storage area (loft) and here's the good bit, its in the demise with a fully extended lease.
On the market through our neighbours opposite at Chestertons for £330,000 and it will rent for £1,516 per calender month with a 5.8% yield. Subject to the usual consents,with that second bedroom and space for an en-suite shower, the value will be £425,000 and rent of £1,950 per calender month. With these figures, the investors will be queuing at the door.
full details as per the link below.
http://www.zoopla.co.uk/for-sale/details/34500971
If you are looking for an agent with experience that can help you find the right tenant for your property, then contact us to find out how we can get the best out of your investment property. Email me on chris@ashmoreresidential.com or give me a call on 020 7435 0420. Pop in for a chat – we are based on Ashmore Residential, Suite 7, 25-27 Heath Street, London, NW3 6TR. The kettle is always on.
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