It will be auctioned next month, though you can have a preview to get an idea of it's potential. The guide price is at £265,000 and the bidding will likely go to around £285,000.On the assumption that it may need some cheering up internally,another £10k on renovations will bring it up to expected local market standard. Rent will be £1213 per calender month, giving an annual yield of 5.3%. This doesn't account for service charges and ground rents which are the hidden extras, so do get all the facts and figures to hand to make sure its worthwhile.
http://www.zoopla.co.uk/for-sale/details/36172505
My brains are here to be picked, if you need any advice on the NW3 property market, feel free to visit me at my office on Heath Street, just 50 meters from Hampstead Tube.
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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