Ive been trawling through the on line portals this morning and spotted this smart two bedroom flat that would be ideal for investment purposes. This is an ex local authority flat located on Finchley Road and is in a convenient locale for West Hampstead Tube , local shops and Hampstead Village.
This is in the commercial heart of NW3 and popular with tenants as all amenities are on the door step. On to the flat, the place is in very good all round condition and no builders quotes needed here, just the compliance checks for making it letting ready. There are are 2 bedrooms, wood floors and open plan kitchen, modern bathroom and a small balcony to boot.
And the money side , well you can expect a rent of 395 per week or around £1711 per calendar month. Based on the guide price of £400,000 this will give you a net yield of 4.8% , a nice tidy sum me thinks. By the way, i noticed that this building has garages en- bloc, although not mentioned in the agents selling details, that's worth enquiring about and for a little extra , it may add an income stream. Garages in London have become lucrative , its worth £30 per week in this neck of the woods , that'll cover the service charge on the block .......
On the market with Dutch and Ducth in West Hampstead
If you are looking to invest in the NW3 area and would like to know about the important things to consider , then give me a call on 020 7435 0420 , or pop in to see me at the office on Heath Street for a chat.
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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