According to the selling agent, C H Peppiat, its been renovated and has some 450 plus square feet of living space on offer with a decent size bedroom and access to a communal garden. This general specification and the location is a hit with prospective tenants and, if as decent as it sounds, this flat will rent in no time. "How much then, Chris"? i hear you ask, well I'd suggest that comparable flats have rented for £1650 per calender month. Whilst talking numbers, this will give you a net yield of 3.8%, after all the usual expenses in year 1.
This pocket of NW3 is very much on the rise and with an active market, prices have been hitting and exceeding just over £1,000 per sq foot.I haven't got a crystal ball at my desk, but i can tell you that this may be the last of the decent buys round here if the market conditions remain this way for the foreseeable future. Well worth a look round and a punt, because next year, they'll be fetching £525k.
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If you are considering a buy to let property in the NW3 area or would like to know more about investing in this location, then feel free to give me a call at the office on 020 7435 0420. I don't bite and i don't hard sell, I will simply give you my honest opinion.
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.
Don't forget to visit the links below to view back dated deals and Hampstead Property News.
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