Property Advice

Thursday 11 August 2016

1 bedroom flat - Buy to let Investment Waxham, Mansfield Road NW3

I've written about how the local housing estate can sometimes out perform the desirable parts of the local area in terms of overall return or yield which is the yard stick for investors. Despite the fall out of Brexit and the Stamp Duty hikes, there are always deals to be had if you look hard enough and Ive spotted this one bedroom in a local authority block called Waxham which makes for a great buy to ke investment. 

Located on the top floor of the block on Mansfield Road, convenient for the Heath and local shops as well as Belsize Park Tube and there's plenty of rentals on this patch so popular with tenants. The flat itself is in good all round condition and with modern//up to date finishes with 550 sq feet of space on offer. 

Lets do some numbers.... The rent here would be a realistic £325 per week or £1408.33 per month, based on the asking price, that will give you a net yield of 4.03% (above the 3.8% average for the area). No mention about the lease length so its one for the selling agent.

On the market with London Residential for £395,000







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.

Don't forget to visit the links below to view back dated deals and Hampstead Property News.




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