I have spotted this one bedroom ex local authority flat located on the ground floor which is ripe for investment, Its a very well presented property throughout, there is very little preparation and detailing required here as all the hard work has been done by the current owner.
The flat has a modern finish and there is the added benefit of double glazing and central heating as well s a balcony.Just a short walk to Chalk Farm Tube , this flat is the NW3 buy to let hot spot that is increasing in popularity.
lets look at the figures... for rental this flat will realistically achieve £1350 per calenadar month and based the asking price that will give you a net yield of 4.25% , which is just above average for the area. Delving deeper into the sales history, the figures reveal that this flat is offering the best of both worlds- for yield and capital again. The last sale was back in 2007 for £227,000 and today we have a price of £365,000, so that is a gain of £138,000 or 60.8%. Although house price growth has slowed over the past decade, that's still good going my friends.
I reckon this one is going to get snapped up pretty sharpish.... thinking of investing in NW3? make this place your first stop... On the market with Greene and Co
Fancy a natter about the local property market and where to invest in NW3? , 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.
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