Gilling Court, Belsize Grove NW3 buy to let studio flat with great capital gains

Good afternoon,

I've been keeping a close eye on whats been happening in a popular block just round the corner from Belsize Park Tube station and this neat little studio has been sticking around for a longer then usual amount of time. The condition is pretty good and ready for letting, the only thing that springs to mind here is the asking price, which, in my opinion is a little optimistic as most studio flats in the block have sold for around the £300,000 level. The tenure is share of freehold, so no leases to sort out, there is a lift and resident porter.


This block has about 50% of its residents in rented accommodation, so popular for buy-to-let investment and you can expect to achieve around £1130 per calender month for this flat. At the current asking price that will give you a net yield of  4% and if it were reduced to the level i suggested the net yield is 4.3%. As I've mentioned several times in the past, investors will have a long term strategy to see the benefit of the income and the capital gain once the investment has matured after around 15 years. This flat last sold for £90,000 back in 2000, so even at the suggested £300,000 that's a return of over 230% . I don't know of any bank or  building society super- dooper savers accounts that will give you that, so I'd get down to the selling agents for a viewing and make them an offer!

This studio flat is on the market with Hadleigh Residential, just next door to the block itself , full details as below.

http://www.zoopla.co.uk/for-sale/details/36786075

if you are looking for buy-to let advice or considering investing in the NW3 area , you can drop me a line chris@ashmoreresidential.com or pop in to the office for a coffee and informal chat.

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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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