This is a four bedroom maisonette arranged over ground and first floor and there's plenty of space on offer , 1187 square feet, plus a large south facing terrace. This flat with its separate shower room and large kitchen breakfast room is ideal for the graduate market where sharers will look to get accommodation at good value for money whilst grooming their careers. The property could certainly do with some cheering up and i would suggest it sensible to spend about 20 k or so, to get t up to scratch.
So, lets do some figures, you can expect a rent of £2385 per calendar month, based on the asking price and the costs of renovation, this will give you a net yield of 4.4%, after all expenses. These ex-local authority flats tend to be better value for money,hence the higher than average yields- well worth a look in my humble opinion.
On the market with local agent Day Morris for £599,950
Thinking of investing in the NW3 property market or would like to know more about the important things to consider ? You can email me details of the investmnet to chris@ashmoreresidential.com or pop in to the office for a chat. I don't bite and i dint hard sell , I will just give you my honest straight talking 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.
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