I've got another flat for you to look at , this time its located in Belsize Park on Fellows Road which is a popular spot for renters. Swiss Cottage tube and Finchley Road are just 5 minutes away making it very handy.
The flat is located on the 12th floor of an ex local authority block, from the details it appears well appointed and of course, those great views. No mention about the overall condition ,however , the legals on this one are fine with 100 years remaining on the lease.
Now for the numbers; asking price £299,950 and the rent will be £13,000 a year, producing a gross yield of 4.33%,which is way above the local average of 3.8%. As always , check for the service charges which have to be factored in when doing your homework.
I see that it was recently reduced from £309,950 so the vendor may be up for haggle yet still. On the market with Mark Ashley and Company.
http://www.zoopla.co.uk/for-sale/details/41704215
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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