1 bedroom flat for sale by Auction- Taplow, Adelaide Road NW3

Here's one for all my readers who are Homes Under The Hammer addicts. Its a one bedroom ex- local authority flat on the ground floor of a 22 storey block. Its on the southern slopes of Belsize Park just a short walk to Swiss Cottage Tube and Finchley Road shops. The location is great as Adelaide Road has a high tenant population, so a good choice for renters. 

Not much to go on in terms of images here, though lets make the fair assumption that its in need of refurbishment. There is a long lease with 111 years remaining , its offered for sale via the Auction House London with a Guide price of £200,000. It can be viewed in advance of it going to the room. 

I would suggest that if the bidding goes higher than 300k , I'd stop putting my hand up. With the holding costs, stamp duty and refurbishment, it will stand  you in at £350k. Based on these numbers, you can expect a gross yield of 4.45 % , way better than the area average of 3.8% 

http://www.zoopla.co.uk/for-sale/details/42308615

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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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