London BTL; Invest in this sought after location · 27/10/2023
This fantastically presented, newly refurbished 2 bedroom flat is up for sale, in a very sought after location, it benefits from good access to all that the City of London has to offer, primarily with the shops of Whiteladies Road only being a stone’s throw away. As well as this, there are good schools local to the area. We think it would make a fantastic investment that will provide some good monthly returns.
The property is on the market with Hollis Morgan, with a guide price of £350,000. I am sure there will be a lot of interest in the property so this is probably close to what it will achieve.
The property, as it has been newly refurbished to a lovely standard, is in a wonderful condition and has been decorated neutrally throughout, which ultimately saves you the hassle of purchasing a property just to spend 6 weeks minimum renovating it, when realistically you could have something on the market and let out quickly, netting you an income near enough straight away!
So…If this property is bought at the price of £350,000 and lets for £1550 PCM (what we think is the minimum price you could achieve) then it would give you a yield of just over 5.3% per annum.
When you consider the London, average is between 5% and 6%, this is good news, but, this is without taking into account capital growth which will only further improve your returns. We expect to see between a 3% and 6% increase in property values in London over the next 12 months, giving you a potential total return of 11.3%.
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 in Chelsea, or alternatively call us on 0117 974 4997 or email us at clifton@intire.co.uk
http://www.rightmove.co.uk/property-for-sale/property-51986827.html