This is a 1 bedroom ex- local authority flat in a well kept and secure block on Fleet Road which is close to Hampstead Heath, local shops and Belsize Park Tube making for a pretty handy location. Looking at the details this flat appears to be in pretty decent all round condition with little required in terms of preparation for the letting market. Its a leashold property, though not sure how many years left on it as it doesn't say in the details
There is good call for 1 bedroom flats in this location appealing to the graduates/single professional or couples market. The typical rent on a flat like this is around £1340 per calendar month. The flat is marketed at offers over £365,000 , so I've based my calculations on £366,000 and with the rent figure I've quoted , this flat will give you a net yield of 4.21% which is better than average for the area.
This is a pretty decent buy so log as the lease doesn't need extending and the bidding doesn't get to the point where the figures dont stack up and its best for the end user. The open day is on Saturday of this week and is being held by our friends at Greene and Co in Belsize Park.
Despite the raft of changes in the buy to let sector , there are always opportunities in the market place. If you have an investment in mind, i would be happy to express an opinion or if you fancy a chat over some of the important things to consider when buying in the NW3 area, give me tinkle on 020 7435 0420 or email me chris@ashmoreresidential.com
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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