hope you are all rested and ready for another week. It looks like the good weather has brought this interesting flat to the market. Its located above commercial on Finchley Road with the entrance to the front (which is always preferable). The location is pretty handy and great for the commuter as its in between the transport for West Hampstead and Finchley Road.
This flat is much larger than usual with over 800 sq ft of living space on offer, there are 2 reception rooms, a large main bedroom with plenty of storage space, fitted kitchen with space to dine and there is a sunny terrace accessed from the living room with far reaching views. Decent all round condition, so nothing much need in preparation for the lettings market.
Although flats of this specification/size are quite rare for this particular location, the second reception room and the terrace add value here. Rent for this flat will be £1730 per calendar month, based on the asking price this will give you a 4% net yield for the first year. The size of the flat will attract an established tenant, who can settle here for a while, which will have a strengthening effect on the yield.
On the market with Paramount in West Hampstead for £499,950 click on the link below for details.
http://www.zoopla.co.uk/for-sale/details/37811765
Need further advice about the NW3 property market or would like to know more about investing in the local area? I'm normally at the office and can be reached on 020 7435 0420 for an informal chat.
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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