Hudsons have recently marketed this lovely
1 bedroom flat with day porter and communal roof terrace in a great location
for £775,000.
The flat's in very good condition and
would make an ideal buy to let purchase with a potential yield of 3-4% and
offers decent capital growth - at this price it will not be around for long.
The location is brilliant, as it’s close
to the major infrastructure of Tottenham Court Road, creating easy access for
young professional tenants. It’s age / condition is also great, so it’s ‘good
to go’ from an investment viewpoint.
Turning to the rental aspect of the property, I’ll take a real conservative viewpoint and state that the rental figure would be (at the very worse!) £525 per week, which will give you a good yield of 3.5% and at £600 per week, it would take the yield to a cracking 4% Not bad for central London!
What about the capital growth? Well, these apartments in Montagu House were built circa 1991 and the growth in the past year has been 11% and in the past five years it has been 34%. Try getting that at a building society!
Click on the link below for more details, I think this one will sell quickly:
