BTL Deals of the Week #20 - with TWO chain free properties on offer!
Looking for a quality investment can be a bit overwhelming. That's why in this week's Buy To Let Deals video, Kristjan is breaking it down for us by reviewing three listings, all in different price ranges: up to £500k, £500-750k, and £750-1m. So, whether you're a first-time investor or a seasoned pro, you'll find something that fits your budget.
First up we have a Chain Free 1-bed garden flat for sale in sought-after Walthamstow, just a stone's throw away from Blackhorse Road station and amenities, with a private south-facing garden. It is priced at offers over £375k and appears to be in good condition, but could benefit from some upgrades to achieve the sought-after insta-look.
Next, located in Camberwell next to Myatt's Fields Park is a stunning Grade 2 listed 2-bedroom maisonette, well presented inside and also Chain Free! It boasts concierge, allocated parking, bike storage and a share of Freehold. The list price is just £500k, with expected rent of at least £2500pcm. However, the service charges are on the higher side at £3700 pa, due to the building's class and facilities.
Lastly, there is a 3-bedroom duplex in the iconic mid-century Grade 2 listed Golden Lane Estate, neighbouring The Barbican. It comes with access to recently refurbished public leisure facilities, including tennis & squash courts, gym & swimming pool. The property is expected to achieve at least £3500pcm in rent, but the lease has just 84 years remaining, which can be extended by 90 years on completion at a cost of 1.75% of the purchase price (£14,612 based on a purchase price of £835,000). Invest in London's architectural heritage with this great opportunity!
If you are interested in seeing more of our highlighted properties going forward, you can subscribe to our YouTube channel for updates.
Up to £500k
Located in highly sought-after Walthamstow and close to Blackhorse Road station and its surrounding amenities is this bright and spacious 1-bed garden flat for sale at offers over £375k. The property appears to be in good decorative order although there could be an argument made to up-spec the interior to give it the insta-look and future-proof it for the next 10 years of renting. I’d expect this to easily achieve £1600pcm in rent- pushing higher if presented just right. A nice long 150-year lease, this is a great option to nab a Chain Free investment with a 33ft private south-facing garden! Verify those ground rent & service charge costs and get bidding!
Located next to Myatt’s Fields Park in the heart of Camberwell is this breathtaking 2 bedroom maisonette located in a Grade 2 school conversion. Architectural features abound, share of Freehold, concierge, allocated parking & bike storage- this place has it all. What’s more, it looks extremely well presented inside. Just like our first property, it too is Chain Free. I’d be amazed if this didn’t achieve at least £2500pcm, on a list price of just £500k. Service charges are on the higher side at £3700 pa but that is to be expected with a building of this class and with concierge facilities. Book a viewing on this one fast!
The Golden Lane Estate, neighbouring The Barbican, is an icon of mid-century architecture and is now Grade 2 listed. This 3 bedroom duplex is filled with light, with three ample bedrooms and the estate includes a recently refurbished public leisure centre with tennis & squash courts, gym & swimming pool. In short, tenants can live in style, in the City with every amenity they need readily at hand. I’d expect this property to achieve at least £3500pcm. The one catch is the lease has just 84 years remaining, but this can be extended by 90 years on completion at a cost of 1.75% of the purchase price, so on the basis of £835,000 it would be £14,612- this would be money well spent! Bag yourself a piece of London’s architectural heritage and a great investment in one!