At the original price of £460,000 this is an ideal flat for investment, 1 bedroom , very close to shops and the tube at Chalk Farm with Camden and Primrose Hill at either side. The rent will be coming in at £1670 per calendar month, that will give you a net yield of 4.15%- which is pretty good for the local area , especially in this case as its been modernised and just needs a bit of dressing up to get it ready for letting.
As we are in the seasonal lull with Christmas just a fortnight away, I'd make some enquiries and test the water here. The bottom line is, that despite the price hike, it was listed 6 weeks ago and it hasn't sold (which is unusual for a flat in this location). By the way, the lease has been fully extended to 150 years, so no other large bills waiting to be settled. Click on the link below for a refresher of all the details. Its on the market with our friends at CH Peppiat just over the road from the flat itself.
If you are thinking of investing in the NW3 property market, now or in the future and would like to know more about the important things to consider, then by all means feel free to pop in to the office on Heath Street for an informal chat. I don't bite and I don't hard sell, I will simply give you my honest opinion on what and what not to buy locally and where and where not to invest.
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.
Don't forget to visit the links below to view back dated deals and Hampstead Property News.
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