On to the flat itself, located on the top floor and coming in at a much larger than average 370sq ft and has a separate kitchen, so as far as studios go, this a good one. Looking round inside the condition is liveable and could be rented out straight away just for the sake of keeping the income stream going. Similar flats have achieved £1083.33, based on the asking price this will give you a net yield of
4.2%.
If you were to renovate this flat throughout, you could look at spending around 12k on it and the rent then will be £1213.33 per calendar month and boost the net yield to 4.5%. For the space on offer, its good vale for the NW3 postcode, this one will fly out, if you like what you see, I'd get that viewing booked!
On the market with KFH in West Hampstead for £300k , click on the link below for full details.
http://www.rightmove.co.uk/property-for-sale/property-35429421.html
Investing in property can be daunting, so its important that you make an informed decision with eyes wide open. Should you be looking to invest in the NW3 area and considering a buy to let property, I'm happy to give you my opinion on where and where not buy. Feel free to pop in to the office or 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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