I've just spotted this superb studio flat located on a high floor of this recently renovated ex-local authority block. The flat is coming in at a generous 322 square feet and has a separate kitchen. The overall condition is excellent and the flat is well presented throughout, your builders will be redundant here as no cosmetic improvements are needed. Just the usual compliance checks for gas safety, the electrical installation is new and of course fire safety regulations to be met. Just add furniture and people. Finally, the views are stunning with all the City's landmarks in sight.
Location is superb, on the southern fringes of Belsize Park and pretty close to the tube at Swiss Cottage and the excellent selection of amenities to include Primrose Hill Park, The Leisure Centre at the end of the street and the wide range of shops in the commercial heart of the area on Finchley Road. There is also Engalnd's Lane local shops and Chalk Farm tube just to the east.
Lets do some figures... this flat will rent and sell in a heartbeat , its got the lot and those views normally come at a prohibitive premium in this postcode (when you can find them). Expect this flat to achieve just over £1200 per calendar month in rent, based on the asking price it will give you a very respectable 4.22% net yield or let me put it to you another way...8.4 times above Bank of England base rate......not bad, me thinks! No legal issues to worry about as there is a long lease, but you will need to check out the remaining term.
Its hot off the press and just come to the market this morning with Victor Stone with an asking price of £345,000 for the leasehold interest.
If you would like to know more about buy to let investment and the local lettings market, then given me a call on 020 7435 0420 or pop in to the office for a chat, I'm on Heath Street.
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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