London BTL Deal; A great investment! · 10/08/2024
This well-proportioned and nicely presented 2 double bedroom apartment is now on the market. It would make a nice investment, with a decent rental yield. This, combined with the strong capital growth properties in Chelsea see, it could be an investment worth making and worth keeping!
The property is on the market with Ocean, with a guide price of £269,950, this may be slightly negotiable, so we will base our calculations on a sale price of £265,000. One would always hope some sort of negotiation is always possible! The property benefits from being situated in a highly sought after area, which has plenty of local amenities nearby which cater for every one of your needs. The street itself, Royal Park, has a leafy suburban feel to it, with Lansdown Road and Kensington Place situated at either end of the street.
If the property did sell for £265,000 and produces £1200 per calendar month, which is a monthly rental amount you could easily expect, you would return over 5.4% per annum, which is a very good yield indeed. This is without yet taking into account any capital growth, particularly as an area such as this see’s such strong capital growth, you must take it into consideration!
At first glance, the property has been done to a decent standard particularly for renting it out and for the area you are getting a decent amount of property for your money. As previously mentioned, this property should benefit from an increase in its value, which we believe to be between 3% and 6%, over the next year or so (as it is in Chelsea, it should see increases at the higher end of the spectrum) giving you a fantastic prospective return of around 11.4% in just 12 months!
If you would like to discuss this post, or any other potential buy to let investment you are considering, please come and see us at our office on Whiteladies Road, or alternatively, call us on 01179 744 997, or email us at clifton@intire.co.uk
http://www.rightmove.co.uk/property-for-sale/property-53921735.html?showcase=true