Apologies if I've not been around as much lately, though the buy to let opportunities have been a little scarce of late. However, all is not lost as this 2 bedroom mid terrace above commercial has come up and thought to put it out there.
Its got a guide price of £385,000, though lets not read too much into that at this stage (all sorts can happen when it goes to the room), and we don't have internal images or floor plan available, so size and condition can't be confirmed. However, lets make the presumption that its seen better days and secondly that its got 2 decent sized bedrooms.
A good size two bedroom flat above commercial on Finchley Road in good all round condition will rent for around per £1800 per calendar month. Bear in mind all the usual costs, though if it breaks the 4% stamp duty threshold, walk away as it wont make financial sense if it needs a whole load of work. In my humble opinion, no more than early 400's for unit, with the expected rent and other costs it should give you a net yield of 3.9 % . The good thing is that there is a 125 year lease, so no big legal bills to settle.Offered via Landsdowne Auctioneers. It goes to the room on the 19th of November.
If you are considering an investment in the NW3 area , I'm happy to express an opinion, feel free to call me at the office or forward the link to chris@ashmoreresidential.com
http://www.zoopla.co.uk/for-sale/details/38549679
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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