Another ready made investment in Fitzrovia

I've spotted this 1 bed apartment just come to the market on Warren Street, which is off Tottenham Court Road.

Properties in this area have been renting for £450 for a 1 bed apartment, which when you do the calculations against the asking price of £575,000, could look to generate you a gross yield of 4%. 

This area is popular for tenants due to the location, not being too far from the tube - West end and they tend to offer decent sized accommodation. 

We are finding at the moment that there is not much property coming to the market, so when anything new comes on, it is going pretty quickly, it's not just me saying it, the results speak for themselves!

If I were you and I liked this property, I would get down to the selling agent today.

If you would like any advice on investing in property, in Fitzrovia, feel free to come into our office on Cleveland Street.

http://www.rightmove.co.uk/property-for-sale/property-47881546.html

Fitzrovia"Eye Candy Property of the Week"

Good morning. So who said ‘lightning doesn’t strike twice in the same place’?? After a drought of properties over the past few months, we not only get another property in Fitzrovia, but it’s another one on the Fitzroy Square! Today, we are looking at a type of property that doesn’t come onto the market that often and again offering the opportunity to put your mark on it and add value!

Here is what the selling agent Savills have to say:

26 Fitzroy Square is a very fine late Georgian town house, situated in a key position at the centre of the west side of the Square, behind engaged Ionic columns. Built in the early 1830's, it is now in need of modernisation and is listed Grade II*. The upper two floors of the building have always been in residential use whilst the remainder of the building has been used as offices for many years. Planning & Listed Building Consent has recently been granted to revert to its original use as a single dwelling.

The Square is now mainly pedestrianised, having been recently refurbished to its 18th century appearance, with cobblestones and pea-shingle pavements. In the centre is an enclosed, private circular garden for the use of the "frontagers"

•    Freehold Georgian town house

•    Located on one of London's finest Georgian Squares

•    Unmodernised decoration

•    Planning & Listed building consent granted for single dwelling

•    4,764 sq ft (443 sq m)

Its on the market with a guide price of £5,950,000 and you know how much IM love the houses so like the last one sold a few months ago I don't expect it to be on the market for very long.

 

http://www.rightmove.co.uk/property-for-sale/property-47832493.html