The flat itself has the right balance of generous dimensions and contemporary finishes, access to a private patio, smart kitchen and bathroom. This studio is exceptional so nothing needed in preparation for letting and it will get you above average rent for the type of property that it is on the basis of its generous size (344 sq ft) and overall quality. Rent on this will be £1,300 per calendar month and it will rent quickly, expect a 4% net yield. Ideal for the single professional or a couple looking for a starter home. Although its £25k more than the one that sold last week, the dimensions and overall quality go some way to justify the price, though still worth a punt in my humble opinion.
Most investors are looking for a combination of yield and capital gain and the lifespan of buy-to-let investments is typically around 15 years.This flat last sold in February 2003 for £180k, based on the asking price that's a capital gain of 108.3% over 12 years or £195k in monetary terms.
On the market for sale with our good friends at Anscombe and Ringland for £375,000.
If you are considering buy-to-let investment in the NW3 area and would like opinion about a property you have in mind, call the office for an informal chat on 020 7435 0420 or email me the link to 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.
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