I've spotted this three bedroom ex-local authority flat in this purpose built block just a short walk from Chalk Farm Tube. The flat is a good size three bedroom with lift and a small balcony leading out from the living room.
Looking through the details, it could do with some cheering up in terms of a new kitchen , updated bathroom ,redecorating and new carpets. I estimate the costs here will be around 20k for something that's halfway decent.
The flat is in a popular location for rental in the NW3 area and is a hot spot for the buy to let investors. Expect to achieve around £1995 per calendar month for this flat once renovated and based on the added costs of the renovation it will produce a gross yield of 4.2% which above the average 3.8% for the area.
No word on the legals or service charge in the agents details so there are two important questions to asked and must be considered in the overall decision making. On the market with Victor Stone for £549,995
http://www.zoopla.co.uk/for-sale/details/41835853
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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