The flat itself is in pretty good condition throughout with little preparation required for the letting market. There is also the added benefit of a separate kitchen, laminate floors, a balcony and space to dine. Overall this is one of the better studio flats that is available in the market and ripe for investment.
lets look at some numbers.... the flat will rent out a single person or couple and pretty quickly too. Rent wise, expect to achieve around £1150 per calendar month and here's the good bit.. Most tenants living in this location aren't likely to have a car, given the conveniences on offer. The demand for garages is massive in London generally, it will rent out for £20 a week and the income will go some way towards covering the service charge on the flat. Based on the asking price , the figures quoted will give you a net yield of 3.9 % .
There is good call for studio flats in all of NW3 and they have always made for good rental property, especially something that's of a generous size with good on site amenities, so well worth a look round and considering for an investment portfolio.
On the market with out friends at Foxtons for £349,950
http://www.rightmove.co.uk/property-for-sale/property-38452539.html
If you would like to know more about the NW3 property market and the latest on buy to let investment for the area, give me a call on 020 7435 0420 or pop in to the office on Heath Street for a chat.
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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