i have not forgotten or deserted you, I'm back after a few days away from the office and i have been trawling the market for buy to let investment opportunities. Ive come across this great two bedroom on the first floor of an ex local authority block on Finchley Road known as Studholme Court.
The location is pretty handy being in between West Hampstead and Hampstead Village. Looking through the details, the flat is offered in very good all round condition and bears the hallmarks of a decent rental flat with bright , neutral decor, wood floors, two good size bedrooms, balcony and modern bathroom and kitchen. Not sure about the legals on this one as it doesn't say how long is left on the lease, an important question to ask.
These ex local authority flats are good value for the postcode and this one will let out pretty quickly. Lets do some numbers- rent wise , you can expect to achieve a realistic £1700 per calendar month, the graduates/professionals will snap it up as they will want a reasonably priced home in a good locale whilst climbing the career ladder. Based on the asking price of £450,000 the rent roll will give you a net yield of 4.34% and that will only improve over time as the investment matures. Talking of maturity........ this one last sold in 2009 for £174,000 so rolling the clock forward today that's an increase of 158% or £271,000 in monetary terms- investors need that combination of yield and capital and this one certainly delivers on both fronts.
For sale with Dutch and Dutch for £450,000
If you are interested about knowing where to invest in the NW3 area and fancy a chat about the local property market, pop in and see me at the office, im just on Heath Street or if time is precious, you can drop me a line 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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