Looking through what is available at under £400,000 in the local area , i spotted this good size self contained studio flat in an ex-local authority building called Studholme Court. This flat is in pretty good condition and features a separate kitchen, spacious studio room that leads out to a small west facing balcony.
This flat could be occupied straight away and although the kitchen and bathroom are not the most modern, it's certainly liveable. As far a size goes, it offers just over 330 sq feet of internal area, which is pretty generous for a studio flat. Location is handy with the amenities of West Hampstead and Finchley Road within 10-12 minutes walk of the flat. There is also unreserved parking on the forecourt, so whether you are a commuter or have your own vehicle, it serves occupants well either way. Well worth a look around, I'd say, and for £325,000 ,it's good value for the NW3 postcode.
So,lets do some arithmetic; comparable flats have rented for £1085 per calendar month, based on the asking price, this will give you a net yield of 3.9 % in the first year, after all the usual expanses.- not bad for starters.
On the market with Remax ,click on the link for the full story on this one.
http://www.zoopla.co.uk/for-sale/details/38242634
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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