Its located on the 4th floor in a purpose built block known as Duncan House on Fellows Road which is a very popular spot for renters. In terms of size and condition its very good and there is over 400sq feet of space on offer, unusual for a studio, more like a 1 bedroom. This flat is ready to be occupied so can earn its keep from day 1. The block has a lift, double glazing and the flat has a southerly aspect looking out onto Primrose Hill Park giving it a favoured position, so all in all a lot going for it.
Lets look at some numbers.... the rent on this flat is a higher than average £1386.67 per calendar month, this is based on the size (being in between large studio and 1 bedroom) and of course, location. Based on the asking price of £425,000 this will give you a net yield of 3.75%. Values of studios are rising rapidly in this pocket of NW3, the new developments around Swiss Cottage tube are also bolstering the values of existing properties in the vicinity. Incidentally, asking prices of the new build apartments by Swiss Cottage tube start from £450,000 and they overlook a main thoroughfare.
On the market with Hadleigh Residential in Belsize Park for £425,000 leasehold
If you would like advice on buy to let in the Hampstead and Belsize Park area, I'm happy to answer any questions that you may have, 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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