Putting the size into Belsize - Romney Court NW3 -Guide price £275,000

Calling all landlords,it appears that Homes Under The Hammer has come to Belsize Park. I've come across this gem of a flat available for sale by auction via Savills.Looking through the details,this flat has lots of potential.Currently arranged as a self-contained studio there is enough square footage to convert into a 1 bedroom
bringing you into the next price bracket for both sale or rental.

The likelihood is that it will sell for around £325,000 and may cost an additional 10-15k to re configure and renovate,so in total it will stand you in at around £340,000.A stones throw from the tube at Belsize Park with parking available on an informal basis and a long lease.This flat will have a re sale of value of around £365,000 and comparable flats have rented for £1600 per calender month,giving you an annual yield of 5.9%.The desirability of the location, practicalities of being in a block and the parking will help get it rented very quickly. 

Get in touch with Savills for a preview before it goes to the room for an idea of the potential.

http://www.rightmove.co.uk/property-for-sale/property-48833266.html

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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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