Hillside Court, Finchley Road NW3 - Buy to let investment

I've been trawling trough the local market this morning for buy to let investment opportunities and came across this 4th floor flat in a well run block on Finchley Road. The flat is a generous 538 sq ft and features a study, great for the busy professional who may also work from home form time to time. 

The overall condition of the flat is very good with just the safety and compliance aspects to have in place for it to be ready for long term letting. Hillside Court has a convenient location being a short walk from Finchley Road tube and main line stations and the main shopping facilities. West Hampstead Tube and shops are also close by. 

This flat will be ideal for a single person or a  couple and the block has a lift and day porter. In terms of rent , this flay will achieve £1665 per calendar month and based on the asking price that will give you a net yield of 3.82%  in the first year.  Its leasehold, though do check the length that is remaining with the selling agent as its not mentioned in the details.

on the market with Abacus Estates for £499,950

http://www.zoopla.co.uk/for-sale/details/40160487

If you are looking at investing in the NW3 area and would like opinion about where and where not to invest, give me a call on 020 7435 0420 for a chat or drop me a line chris@ashmoreresidential.com 

How Much Is Your Property Worth? Click Here To Find Out For FREE

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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NW3 Eye Candy - Netherhall Gardens NW3 - Property of The Week

This three bedroom duplex apartment has that great combination of a period facade and room dimensions with contemporary fittings. Located on Netherhall Gardens it's ideally suited for those who want to be within easy reach of the various highly regarded private schools and the amenities of Hampstead Village and Finchley Road.

The apartment is arranged over two floors and has a stunning reception and dining room with a vaulted ceiling and hemisphecrical feature skylight making for a warm and inviting ambience about the place.

All three bedrooms have an en-suite facility adding to the luxurious and cosseted feel and if your the occupant of the main bedroom you've also got access to the private roof terrace.

There has been no expense spared in the development of this apartment with superior materials and workmanship everywhere you look. Creature comforts include full air conditioning, under-floor heating, walnut wood floors and doors, Poggenpohl kitchen,Lutron lighting and a secure allocated parking space for the Bentley.... (or whatever your chosen mode of transport)

This intoxicating mix of luxury, design and space will satisfy the most discerning of buyers. All this fun and frolics comes at a price, that'll be a cool £3,750,000 please................

On the market with local agents TK International

http://www.zoopla.co.uk/for-sale/details/40057314

How Much Is Your Property Worth? Click Here To Find Out For FREE

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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390 % Return for Hampstead Buy To Let landlords since 2002!

Buy to let is essentially different from investing in stocks and shares or putting money in the Building Society. Whilst these other investments (Building Society Passbooks, Stocks and Shares, etc) are passive  i.e. once the  money has been invested it you leave it alone, with buy to let, things are more hands on, in fact it’s  a business. One thing the landlords I speak to say is the fact that they like buy to let because it is both an investment as well as a business. It is this factor that attracts many of my Hampstead landlords – they are making their own decisions rather than entrusting them to others (such as City Whiz Kids in London playing roulette with their Pension Pot).

So if you are investing in the Hampstead property market, you can earn from your investment in two ways. When a property increases in value over time, it is known as 'capital growth'. Capital growth, also known as capital appreciation, this has been strong in recent times in Hampstead, but the value of property does go up as well as down just like shares do but the initial purchase price rarely decreases. Rental income is what the tenant pays you - hopefully this will grow over time. If you divide the annual rent into the value (or purchase price) of the property, this is your yield, or annual return.

I was talking to a landlord who bought a flat in the Wedderburn Road area of Hampstead. He bought a very pleasant 2 bed flat in 2002 for £250,000. It sold again in January just gone for £920,000, a rise of 268% in just under 14 years – a compound annual return of 9.75 %

However, the real returns are for those Hampstead landlords who borrowed money to purchase their buy to let property. They have made significantly higher returns than those who paid 100% cash. If the landlord had borrowed 75% of the £250,000 purchase price of the Wedderburn Road flat on an interest only 75% mortgage, he would have only needed to invest £62,500 (as his 25% deposit... borrowing the remaining £187,500),  (his £187,500 would be worth today, £690,000)  (£920,000 less £187,500 interest only mortgage)... a rise of 390.66% - a compound annual return of 27.9%... and I haven’t even mentioned the rent he would have received in those 14 years!

This demonstrates how the Hampstead buy to let market has not only provided very strong returns for average investors since 2002 but how it has permitted a group of motivated buy to let Hampstead landlords to become particularly wealthy. In fact, if this landlord had continued to remortgage the property as it went up in value, he could, by my reckoning have had additional two or three properties (albeit with larger mortgages but greater future potential).

As my article mentioned a week ago, more and more Hampstead people may be giving up on owning their own home and are instead accepting long term renting. Despite the recent changes in SDLT announced by The Chancellor, George Osborne, having scared off some smaller, less established landlords, buy to let lending continues to grow from strength to strength with some very attractive deals on offer in a bid to bring Investors back to the market. If you want to know what (and would not) make a decent property to buy in Hampstead or anywhere else in NW3 for buy to let, then one place for such information would be the Hampstead Property Blog at www.NW3propertblog.com or if you have an investment in mind and would like a second opinion, feel free to write to me chris@ashmoreresidential.com  

How Much Is Your Property Worth? Click Here To Find Out For FREE

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.

Follow The Buy-To-Let Property Investment Market in Hampstead

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Studio flat - South Hill Park - Buy to let Investment

Good morning,

just trawling through this market this morning and have spotted this rarely available studio flat located on South Hill Park, just a minutes walk away from The Heath.

Its a very bright self contained flat that features a mezzanine floor making the most of the volume the principal room has to offer. The overall condition is very good and it features a separate kitchen, so its a case of just add people.

This sort of flat is ideal for the single person looking for a starter home and no doubt they will be drawn to the location that is both popular and convenient with local shops on South End Road just a short stroll away as is Hampstead Heath mainline station and Belsize Park Tube. On the money side , you can expect a rental of £1167 per calendar month and I predict it will be achieved pretty quickly. The asking price of £360,000 against the rent roll will give you a net yield of 3.74%, not bad for the area or the first year of the investment. I don't see any mention of the legals here in terms of its tenure, so if its leasehold, ask that all important question of how long is left.

This one's well worth a look round and offering on, its on the market with our friends at Day Morris  

http://www.zoopla.co.uk/for-sale/details/40393764

Fancy a natter about the NW3 property market ?  give me a call on 020 7435 0420 or drop me a line chris@ashmoreresidential.com 

How Much Is Your Property Worth? Click Here To Find Out For FREE

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.

Follow The Buy-To-Let Property Investment Market in Hampstead

Hampstead Property Market LinkedIn Page

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Fellows Road NW3 - Studio/1 bedroom flat Buy to let Investment

This interesting Studio come 1 bedroom flat that features a mezzanine floor has caught my eye and thought this was worth putting out there. 

Its located in a popular part of Belsize Park, known as Fellows Road which is a convenient spot for the local shops and transport. 

The flat itself is offered in very good condition with a modern kitchen and bathroom, wood floors and a mezzanine floor. The flat needs no cosmetic improvements, just the compliance for gas,electricity and fire regulations. No mention of the legalities regarding the lease length, so its an important question to be asked. 

The flat will let out pretty fast with an expected rent of around £1260 per calendar month. Based on the asking price, this will give you a net yield of 3.8%. 

Its on the market with local agents Stones Residential for £389, 950, click on the link for details.

http://www.zoopla.co.uk/for-sale/details/40209319

If you want to know more about investing in the Hampstead and NW3 property market, call me for a chat on 020 7435 0420 or drop me a line chris@ashmoreresidential.com 

How Much Is Your Property Worth? Click Here To Find Out For FREE

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.

Follow The Buy-To-Let Property Investment Market in Hampstead

Hampstead Property Market LinkedIn Page

Ashmore Residential Hampstead Facebook Page

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Is The Hampstead Property Market Destined For Generation Rent?

Since the 1960’s more people have owned their own home than rented but, for many young Hampstead people, the dream of buying their own home is dying...or is it? Since the turn of the Millennium, in Hampstead (as in the rest of the Country) there has been a significant change in the proportion of people who own their own home. In 2001, 34.89% of homes in Hampstead were owner occupied; today the figure is 30.6%, a significant decline in such a short time.  Buy to let landlords can find tenants because young people say they cannot afford a deposit to buy unless they inherit money or are given a loan from the Bank of Mum and Dad.

In Hampstead, only 20.45% of 25 to 34 year olds have a mortgage. When you compare Hampstead against the national average of 35.93%, it just shows how different parts of the country have different housing markets. However, the really interesting fact is this  ...Roll the clock back to 1991 and nationally, 67% of 25 to 34 year olds had a mortgage. After WW2, the supply of properties being built kept up with demand as millions of council homes were built (the most being built in 1950s, surprisingly under Tory Governments!). Also private house building increased in the 1950’s, but especially in the 1960’s and 1970’s, and as the Country  got more prosperous it meant that by 1971, there were more home owners than renters.

However, since the 1970’s, the population has grown but the number of new properties being built hasn’t kept up at the same rate, the result is that there have been huge rises of property prices in the early ‘70s, the late 80s and more recently between 1999 and 2004. Interestingly, since the early 1970’s, out of the 34 richest countries in the world, the UK has seen highest property prices rises.

95% mortgages have been available to first time buyers since late 2009, but with property prices rising by 575.1% since the early summer of 1995 in Hampstead, prices headed north and first time buyers have been saving, the amount they have to save is continually rising at the same time. The stress on saving even for that kind of deposit, coupled with the new stricter mortgage rules introduced in 2014, means that most 20/30 something’s in Hampstead are renting instead of buying.

The issue quite simply comes back down to a lack of new homes being built. In the Hampstead parliamentary constituency area, only 432 properties a year are being built whilst the population is rising by 1,605 a year. The supply of new homes has been limited by planning laws, local councils not having the money to build council houses, hard hitting green belt limitations, and our old friend NIMBY’ism.  With a rising population and net migration, especially from the EU, the mismatch between demand and supply is why we have the problem. Until Politicians have the backbone to realise the Country needs a lot more decent homes built, the problem will just get worse.

In the meantime, demand for rental property will continue to grow because people need a roof over their head at the end of the day ......fact.

If you are thinking of Investing in the Hampstead or NW3 property market and would like to know more about the important things to consider, then give me a call on 020 7435 0420. I will give you my forthright opinion on how to make your investment work best for you. 

How Much Is Your Property Worth? Click Here To Find Out For FREE

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.

Follow The Buy-To-Let Property Investment Market in Hampstead

Hampstead Property Market LinkedIn Page

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Eton College Road NW3 - 3 bedroom flat for Buy to let investment

Hello property hunters,

couldn't finish off the day without saying a  few words about this great looking three bedroom flat that I came across. 
The location is great being just a short walk to Chalk Farm Tube, Primrose Hill Village and vibrant Camden Town. This is one of the most popular parts of NW3, especially amongst the younger crowd and over the years its become a rental hot spot, popular with investors and tenants alike.

On to the flat, we have a smartly turned out three bedroom located on the first floor. Looking through the details, its in very good overall condition and ideal specification for letting so nothing needs to be done cosmetically. There is a separate dining room that can be used as a third bedroom making for flexible living accommodation , generous in size with 74 square meters of internal area on offer.

Rent on this flat will be coming in at £2490 per calendar month, based on the asking price and after all the usual expenses, this flat will still deliver a net yield of 4.37% , which is a much better return than banks are currently offering. 

On the market with local agent Naylius McKenzie for £650,000 , full details as below

http://www.zoopla.co.uk/for-sale/details/40316454

I always advise my clients and those of other agents to enter property investment with their eyes wide open and to ensure they have done their homework . If you have an investment that you are considering and would like a second opinion or would like a chat about the local property market, then give me a call on 020 7435 0420 or drop me a line chris@ashmoreresidential.com

How Much Is Your Property Worth? Click Here To Find Out For FREE

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.

Follow The Buy-To-Let Property Investment Market in Hampstead

Hampstead Property Market LinkedIn Page

Ashmore Residential Hampstead Facebook Page

Ashmore Residential Hampstead Twitter Page

Hampstead Investment Property Specialist Ashmore Residential Website