This flat is located on the 5th floor , has two almost equal size bedrooms, separate kitchen and ample living room and there are some great views in offer thanks to its position in the block. Overall this is a pretty generous size with over 825 square feet of space on offer. Your target audience is pretty broad ranging from the single professional, sharers or maybe even a couple. Looking through the details, the only aspect that could so with some attention is the bathroom, though that may be a point for negotiation, the rest i would say is liveable for now, so its ready to earn its keep.
Lets look at the figures; this flat will realistically achieve £1950 per calender month, based on the asking price, this will give you a net yield of 4.2%, which is around the average for this area. Overall , its good value, when you consider that 1 bed flats on Adelaide Road (parallel) are selling for just under £500k. There is a lot on offer here, not just the location, this one wont stick around in my humble opinion, well worth a look round and walk the talk!
On the market with our friends and neighbours at Foxtons asking price £549,950
http://www.zoopla.co.uk/for-sale/details/38965791
If you have an investment that you are currently considering in the NW3 area, my advice to all my clients and landlords who work with other agents is do your homework and go in to this with eyes wide open. Email me the link to chris@ashmoreresidential.com and i'll be happy to express an 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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