We looked through the current offerings and I picked out this cracking one bedroom located on Fleet Road just off South End Green. This is a one bed room ex-local authority flat located on the ground floor of a purpose built block. Its in pretty decent condition throughout and is pretty much ready to go, subject to a few compliance checks for safety and fire regulations.
Fleet Road just round the corner from The Heath and shops on South End Road with Hampstead Heath mainline station a short walk away as is Belsize Park Tube. This will make it a popular choice for tenants with such amenities close to hand.
Lets do some figures.... with rising rents expect to achieve £1380 for a flat of this type and based on the "offers over " asking price for the Leasehold interest it will give you a net yield of 3.92 % ( I based it on £405K). There is healthy demand for these 1 bedroom flats in ex local blocks as they are good value for investors as well as tenants. Oh ,thought you might like to know this flat has risen in value by over 90 % since the last sale in 2007 or in monetary terms £190,000.
Offered for sale with Greene & Co in Belsize Park offers over £400,000
As i say to all my readers when it comes to investment, The Golden Rule is do your homework- I'm always happy to express my forthright opinion if you have an investment in mind or would like to know more about the local lettings market, give me a call 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.
Don't forget to visit the links below to view back dated deals and Hampstead Property News.
No comments:
Post a Comment