Despite the election jitters that are being felt the length and breadth of the country, much of the property that we have spoken about in the Maitland Park Road area has been selling well. This pocket of the NW3 area is growing in popularity as it represents good value and is well situated for the Tube at Chalk Farm, Primrose Hill and the amenities of Camden. The Maitland Park area is a hunting ground for buy-to-let investors and flats round here get snapped up pretty quickly.
I have spotted this two bedroom property in a purpose built block that has been sticking on the market for a little while. Location and condition is good, though i would suggest it needs to come down in price, despite having been reduced earlier last month. There are two bedrooms, a balcony accessed from the kitchen or the living room, the flat is offered in good condition and ready for letting. Several one bedroom flats have recently sold in the block for around £300,000.
On the market with Oliver's for £435,000 and at this level a 5.2% yield is suggested, the rent will be £1885 per calender month.Well worth a visit and no doubt open to offers based on the listing history, which could result in a good buy.As ever with leasehold flats in blocks, the length of the lease, ground rent and service charges must be carefully considered to ensure its worthwhile.
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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