The guide price is £250,000, though when it goes to the room , it will naturally be way above this. Having said that, there is a limit as to what an investor will be happy to pay for a flat of this type. Looking at data of comparable flats the average selling price is around £400,000. There will of course be some renovations needed, the rent roll will be coming in at £1520 per calender month.
Based on these figures, it will give you a net annual yield of 4.3%. Click on the link below for the full low down on this flat. Incidentally, if you are looking to dispose of the asset straight after there is also a renovated flat for sale just next door with an asking price of £500k. To give you an idea of the potential click on the second below link for full details.
http://www.rightmove.co.uk/property-for-sale/property-50618125.html
http://www.rightmove.co.uk/property-for-sale/property-34528134.html
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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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