at last, the sun is shining and the mood is brightening. Here's my pick for today, its a self-contained third floor studio flat located above commercial on Finchley Road. The flat is subject to an Assured Shorthold Tenancy,so not offered with vacant possession which is good for income as its earning its keep from the minute you get the keys. The location is pretty handy too, just a short walk from the tubes and main line stations at either Finchley Road or West Hampstead, this will appeal to the young twenty-somethings looking to get a starter home in the area whilst grooming their career(s).
" so what about the rent"? i hear you ask; the flat currently achieves £924 per calender month and with the guide price of £230,000 that will give you a net yield of 4.69%. Incidentally, an identical flat on the lower floor sold recently for £250,000, it could also be that the current unit is under rented, so all that into consideration, i suggest that the yield quoted is a pretty reliable figure.
Offered for sale by Allsop Auctions, they can show it over by appointment so you can view before it goes to the room.
http://www.rightmove.co.uk/property-for-sale/property-49869403.html
I'm happy to offer impartial advice on Buy to Let opportunities and investment in the local area. I will give you my opinion on where and what to buy (and where and what not to buy). My office is on Heath Street, so feel free to pop in for a coffee and an informal chat to discuss your needs. Should time be precious, you can also drop me a line chris@ashmoreresidential.com
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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