Looking through the details, its in decent all round condition so no trips down to the home improvement stores and dealing with builders. A tidy up and safety compliance checks and its ready to be let.
There is always good call for studio and 1 bedroom flats in Hampstead, as these are at the affordable end of the starter homes market. This flat has all the right features with wood floors, bright decor, lots of natural light and modern kitchen with bathroom. Size wise its coming in at 336 square feet, so pretty generous.
This flat will achieve a rental of £1200 per month and pretty quickly. Even with Mr Osborne putting his hand deeper in your pocket for that added Stamp Duty these investments now have, the net yield is 3.7% based on the asking price of £375,000. Its worth seeing if that added duty could be shaved off the asking price.....
On the market with House Simple for £375,000
http://www.zoopla.co.uk/for-sale/details/39932070
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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