This flat will rent out pretty quickly and it could be made ready for the lettings market with little preparation. Lets look at the numbers, this flat will rent out for £1516 per calendar month and lets say therefore just £1000 over the suggested offers over £425k, it will give you a net yield of 4.09%. There is development potential here, though you would need to do a lot of number crunching to establish if its worthy of any further investment. In any case, in its original form the flat will always have the appeal of the 360 views and the benefits location- overall good value for whats on offer and well worth considering.
P.S property on the market during the winter months (especially flats) can be had at competitive prices.
On the market with Purple Bricks asking for offers over £425,000
If you want to know more about investing in the NW3 area , then feel free to give me a call on 020 7435 0420 or if there is a property that you are currently considering and would like a second opinion before purchasing email the link to chris@ashmoreresidential.com
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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