I have been trawling though the portals and found this larger than average self contained studio flat in a local authority clock that could do with some cheering up and is ripe for investment. The location is very handy in between Finchley Road and Swiss Cottage stations , so it will be a big draw for tenants. Inside, it doesn't need a lot , though an up tp date kitchen a coat of paint and some new furnishings is just the tonic, though add another £10,000 to the asking price.
Money wise , this flat will achieve £1127 per calendar month and based on the asking price and the added costs on renovation , the net yield is 3.65 % , the added stamp duty makes a big difference on yield , though in this case the flat needs some improvements , so the owner might be up for a haggle.......
on the market with Belvoir in Belsize Park
investing in the local property market must be an informed decision , that's why i say to my landlords and those with other agencies- Always do your homework. Give me a call if you would like to know more about the NW3 property market on 020 7435 0420 or drop me a line to 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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