In this small purpose built block not far from Finchley Road tube is this flat currently arranged as a four bedroom that is in reasonable/livable condition. According to the selling agent ,the flat has an income of £600 per week, based on the asking price this gives a net yield of 5.36% . If you are considering a larger flat, its great for the sharers market, largely due to its location being in commuter heartland and reflects good value for the target audience which is the graduates/student market.
Most investors are looking for a combination of yield and capital gain over the long term, though in a prime postcode such as NW3,only certain pockets will give you the higher yields and this location is one of them. It will let out pretty quickly so it will earn its keep from day one and no holding costs and dealing with builders as its in livable condition.
On the market with Prime Metro properties for £549,950
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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