Is this Fitzrovia apartment too good to be true?

Good morning, on my routine Rightmove trawling, I spotted this little gem. It's a 2 bedroom apartment in the heart of Fitzrovia, located on Goodge Place just off Goodge Street and literally opposite Charlotte street. Superb area for buy to let as the properties always let really quickly here being so close to great transport links and all the delights of Charlotte Street on your doorstep.

From looking at the photos, it looks as though it’s in great condition and ready to let as soon as keys are collected. LDG have put it on the market for £925,000 and I don't expect this to be around for long.

Similar properties to this rent easily in this area for around £650 pw. So you could be looking at a potential annual return of 3.6.%, this is of course not taking into account any service charges or ground rent that may be due. You should always look into this before jumping into any investment. 

If you would like to pick my brain about buy to let in Fitzrovia, please do pop in to see me, my office is located on Cleveland Street, on the same road as the BT Tower!


http://www.rightmove.co.uk/property-for-sale/property-34495080.html