Property Advice

Wednesday 8 July 2015

3 Bedroom flat - Midland Court, Finchley Road NW3 with 4.5% yield

Here's one for the more experienced investors who have the resources to take on this buy to let investment which will be a big project as its in need of refurbishment. This is a three bedroom flat in purpose built block above commercial premises on Finchley Road, just a stones throw from the Tube and Shopping Center.




Plenty of space on offer here with 80sq meters of internal area and three good size bedrooms, so it will be ideal for sharers.There is a separate kitchen and ample living room. As the images suggest, this place has seen better days, though the layout and dimensions on offer give you a a good indication of its potential. I would suggest that for the rental market, you are looking at spending £30k to bring this place up to scratch. Based on these figures, you can expect to achieve a rent of £2170 per calendar month giving you a net yield of 4.5 %. In my opinion the asking price of £520,000 is great value for the location and space on offer,  this flat is likely to get snapped up sharpish.

On the market with Nissen Estates , click on the link below for the full story on this flat.

http://www.zoopla.co.uk/for-sale/details/37411700






For more opinion like this, visit the NW3 property blog with daily updates or pop into the office for an informal chat over some coffee. Im on Heath Street, just by Hampstead Tube.


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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