i have spotted this much larger than average 1 bedroom flat arranged over two floors (1st and 2nd) located on Finchley Road in the commercial heart of the NW3 area. This flat appears to be in pretty good all round condition with just the compliance aspects in preparation for letting.
This flat is a generous 613 sq ft so plenty of room to work and play and the location is very handy with the main shopping and transport just a short walk away. There is also access to the communal garden at the rear , which is always a good thing to have in an urban sprawl such as this.
On to the figures; the rent roll on this flat is £20,800 per annum or £1733.33 per calendar month and based on the asking price that will give you a net yield of 3.8%. Not sure about the legals on this one , though presumably leasehold, ask the agent about how long is left and the service charge.
On the market with local agents Paramount for £499,950
http://www.zoopla.co.uk/for-sale/details/40495528
If you are looking at investing in the NW3 property market, i advise all my clients and those who are with other agencies to enter into this with their eyes wide open, therefore a second opinion is always worth getting.
If you fancy a chat about the local property market and would like to know more, them give me a call on 020 7435 0420 or pop in to the office on Heath Street NW3.
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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