I suggested that many tenants like being in a block due to the practical benefits on offer and picked out this really good find in Hillside Court on Finchley Road just a short walk from the tube and mainline stations as well as the Shopping Center. The block has a lift, day porter and communal heating with hot water and is great for the commuter being in close proximity to all the amenities. Its in fair condition internally, perhaps the kitchen and bathroom could do with a little cheering up with reasonable costs involved. Its a good size spanning 485 sq ft with plenty of living space and decent storage available.
All sounds fine, so lets look at the numbers here. Rent on this flat once the minor improvements are made will be coming in at £1625 per calendar month. This will give you a net yield of 4.38%.
On the market with In London Properties for £425,000 , click on the link below for the full details. If you like what you see, I'd get the viewing booked, buy to let investors will be all over this one!
http://www.zoopla.co.uk/for-sale/details/37247875
Investing in property can sometimes seem a daunting prospect and i want to ensure that investors are doing so with open eyes. My office is on Heath Street, feel free to pop in for an informal chat and impartial advice about where to invest and where not to in the NW3 area. If time is precious, you can 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.
Don't forget to visit the links below to view back dated deals and Hampstead Property News.
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