Property Advice

Tuesday, 17 November 2015

Buy to let investment 1 bedroom flat on Finchley Road NW3

There is generally a consistent supply of 1 and 2 bedroom flats suitable for investment in the Finchley Road area and here's one that I've spoken about before, though still hanging around. The flat is a pretty generous 539 sq ft and features an internal room, it cant be made into a further bedroom as there is no window and I'm not of the opinion that it will add any significant value as an extension of the bathroom or the kitchen. Its best left as it is to serve as a storage room which is a great thing to have in a converted flat as its something of a rarity and of benefit to the occupants.




Looking at the specification and overall condition the rent on this flat will be around £1420 per calendar month. If the images are anything to go buy,you could purchase and not have to do much to prepare it for rental. Based on the asking price, the net yield is 4.11% , which in my humble, is pretty reasonable. 

This flat has been on the market a few weeks,  the owner might be up for a haggle, so worth checking out. Offered for sale through our good friends and neighbours, Hamptons for £395,000. 







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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