Sorry I've not been around much this week as we've had a busy spell with many people moving lately, though wanted to talk about this 1 bedroom before the day is over. Located on Finchley Road and within a minutes walk to the tube, this second floor 1 bedroom flat is in a commuter heartland. I've not seen what it looks like internally, as there are no images available , only the floor plan which tells us the size.
Lets make the assumption that its seen better days and is in need of some cheering up. You will need to spend about 15k on it, possibly 20, depending on the overall condition. The flat will rent in no time at all and expect to achieve around £1600 per calendar month. Based on the asking price and the 20 k on renovations, this will give you a net yield of 4.41 % in year 1. Not bad, me thinks, plus you'll have the long term benefit of high occupancy rates, due to the location. Just one final thing about this place; I note there have been a few price reductions since first listed, so the vendor might be up for a haggle and well worth a punt.
On the market with Daniel Ford for £395,000 click on the link below for full details.
http://www.zoopla.co.uk/for-sale/details/37746517
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.
No comments:
Post a Comment