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Thursday, July 23, 2009

What's in an areas name?

We don't often bring individual properties to the attention of our landlord readers but thisl buy-to-let investment being offered in North Kensington is an example of where the areas name does not paint the full picture.

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To the unitiated North Kensington would cunjure up images of lavish and exquisite london garden squares in the poshist part of town. Not quite so......

North Kensington is one of those places where the name hints at somewhere poshier than the reality. It is an area bordered by the A40, Kensal Rise and Wormwood Scrubs to the West. Handy you may think!

Any landlord looking to pick up a bargain HMO in this part of London should check out the details below:

* St. Quinton Avenue, North Kensington, London . W10
* Freehold HMO investment
* Consisting of 38 fully self contained studios
* Shared Laundry facilities
* Additional communal wcs
* 36 on A.S.T
* 1 on a company let
* 1 Vacant flat
* Total current rent £385,496 p.a
* Current Rental Yield 8.1% (with vacant possession of 1 flat)

Price £O.I.E of £4,750,000

For more details: contact@propertyhawk.co.uk

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