I've been looking through the offerings of the local market and I've spotted this great 1 bedroom flat , a stones throw from Swiss Cottage Tube and ideal for the investors portfolio.
Its an ex-local authority flat located on the ground floor of and is of modest proportions , though offered in very good overall condition, modern fixtures and fittings and ready for letting- just add people. The location is great as its in a desirable part of the area and there is a very good selection of amenities within a short walk of the flat. There is no mention of the legals here , so check out lease length , service charges and any restrictive covenants, in case there are any surprises or large bills to be paid......
Lets do the numbers, this flat will achieve a rent of £290 per week or £1256.67 per calendar month, based on the asking price this flat will give you a net yield of 5.39% which is 1.6% above the average for the area. Id get on the phone and call the agent for viewing.
On the market with our friends at Greene and Co for £265,000
http://www.zoopla.co.uk/for-sale/details/41363903
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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