Another dull and gloomy day out there, though this 2 bedroom flat I've spotted for sale may just motivate you to reach for your coat and umbrella for a trip down to Belsize Park.
This is a decent size two bedroom located above commercial on a quiet street just round the back of Swiss Cottage tube making for a great location and a real hit with tenants as there are plenty of rentals in this pocket of NW3.
On to the flat then, its been renovated to a good standard, so don't worry about getting the builders in as its all been taken care of. There are two bedrooms of almost equal size, open plan living room with kitchen ,wood floors to boot and of course new bathroom- so just add people and possibly furniture.
Two bedroom flats are sound investments and there is good call for them throughout NW3. On the plus side for the investor, having that 2nd bedroom ,your target audience is wider, appealing to established singletons,couples, as well as sharers of course. So lets look at the figures............
I would suggest that you can expect a rental of £2166.67 per calendar month, based on the asking price that will give you a net yield of 4.27% to be precise. This flat was been listed in the not so distant past and has re appeared to the local market.....I'm not aware of the circumstances, but i know that everyone likes a quick sale ..............the owner might be up for a haggle.
On the market with our good friends and opposite neighbours Chesterton Humberts for £575,000
http://www.rightmove.co.uk/property-for-sale/property-54928925.htshowcase=true&premiumA=true
As i say to all my landlords and those who are with other agents, doing your research is crucial in order to be sure that the investment will work and that you enter the commitment with your eyes wide open. If you have an investment purchase in mind or would like to know more about the local lettings market, then feel free to give me a call at the office on 020 7435 0420.
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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