There's a one bedroom flat that's going into the auction tomorrow and thought it would be worth a punt
Its a split level 1 bedroom flat, not much info about the condition and overall size and layout though lets assume it could do with some cheering up. The legals are ok with this one as it a 125 year lease with 117 remaining.
The guide price is at £275k , though if its tired and in need of a renovation , add another 20k on top of yours costs and i suggest that if the bidding gets past the late 300's (385-390) stop putting your hand up. Its located at the Winchester Road side of the street and very close to Swiss Cottage Tube and Finchley Road.
Average rents on 1 bedroom flats are £375 per week or £1625 pcm , that will give you a net yield of 4.45% based on a spend of £410k. Offered via Auction House.
http://www.zoopla.co.uk/for-sale/details/39724456
Want to know more about investing in Hampstead and Belsize Park ? give me a call on 020 7435 0420 or pop in to the office , I'm just 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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