On to the flat, this is a mid floor one bedroom property in a conversion, looking around inside, its in decent all round condition and appears to be rented, so very little preparation needed to be presented to the market. Price wise, i feel its optimistic, when a comparable flat round the corner on Fleet Road sold last week at £465,000. Based on these figures, the net annual yield will be coming in at 4%.
I often talk about Capital Gains on property investment and this one has matured. The last sale was back in 1999, some 16 years ago(which is now the average lifespan of a residential holding) and that was for £321,000. So, fast forward to today's local market with an asking price of £475,000 that's an increase of £154,000 or 47.9% to be precise. If you are looking to dispose of investments and get the maximum mileage out of a property, as the figures, indicate longevity is the name of the game.
On the market with Abbey Properties, click on the link below for the full low down on this one.
http://www.zoopla.co.uk/for-sale/details/34816639
Investing in property is likely to be the most expensive purchase most of us will likely make and can be quite daunting as well as rewarding. I always advise that investments are carefully considered so that our clients make decisions with their eyes wide open. You can pop in to the office on Heath Street for an informal chat and get impartial advice, drop me a line chris@ashmoreresidential.com or call the office on 020 7435 0420.
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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