Here's another flat which i quite the look and sound of. It's located on Frognal which is a great address,being in the oldest part of Hampstead and convenient for all the local amenities.On to the property,
located on the second floor in a period conversion, there is a separate kitchen,wood floors,bedroom and modern bathroom. The flat is offered with a share of the freehold, so that's a plus point in terms behind able to keep maintenance costs under control.
A flat of this type will be ideal for commuters and offered in very good all round condition with bright,neutral decor.Little is needed in preparation for the rental market. The area has staying power too;your target audience here will be the single professional or couple looking for a starter home and will stick around for 2-3 years whilst grooming their careers.
So, "what about the rent"?, I hear you ask. Well,I would suggest a rental figure of £1,690 per calender month, giving you an annual yield of 4.7%.Bear in mind,the area's staying power will attract a good quality,established tenant that is likely to stay for 2-3 years,therefore have a strengthening effect on the yield.Capital growth over the lifespan of the investment will be good here as there is always call for 1 bedroom flats in the area. Hampstead's staying power will give you the best of both worlds. Full details as below, this flat is on the market with our neighbours, Anscombe and Ringland for £450,000.
http://www.rightmove.co.uk/property-for-sale/property-51509111.html
Should you be considering a buy to let property or need advice about investment in the NW3 area, then by all means feel free to contact me for impartial advice by email chris@ashmoreresidential.com or visit the office on Heath Street for a coffee and a chat.
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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