This one bedroom flat is on the second floor and offered in good all round condition, nothing to be done here apart from a thorough pre-tenancy clean. Being an older style block,there's plenty of space on offer and accommodation is well planned. Rent roll is £1690 per calendar month, that will give you a net yield of 3.6% in year 1 taking into account service charges, professional fees and stamp duty.
A one bedroom flat in this block would typically sell for around £460k pre-recession (2007) ,though capital values have risen by 17.4% here over the past 8 years.This type of flat will give you the balance of yield and high capital gain over the long term. As I said, these flats are popular and tend to fly off the shelves, so if you like what you see I'd get that viewing booked.
http://www.rightmove.co.uk/property-for-sale/property-54208433.html
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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