On to the flat, inside, the interior is presented in neutral colours and in good all round condition with decent kitchen and shower room .Just a thorough pre-tenancy clean needed here; the flat will achieve a rent of £1625 per calendar month and it will let quickly to either a single professional looking for a pied a terre or a couple who need a starter home.Yield will be 3.8% which is slightly lower than some of the other investments I have written about, however,capital gains on this type of flat have been very high over the last 2-3 years as the demand for smaller homes in the area has also risen dramatically.There is a desperate need to address the supply/demand balance for smaller homes, if not, the trend is set to continue.
This flat is no slow burner and I reckon it will fly out,on the market with Greene & Co at £435,000
http://www.rightmove.co.uk/property-for-sale/property-52184990.html
If you need advice on lettings in the local area or are considering investing in NW3 and would like to know about the important things to consider, lets chat over over coffee and biscuits.
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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