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£300,000

Chasewood Court

  • 0 beds
Flat

£300,000

  • 0 beds
Flat
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Estimate monthly mortgage payment:

£1,370 per month

Minimum deposit amount:

£15,000
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Property at a Glance

  • Type: 2-Bedroom Flat (Upper Floor)
  • Tenure: Leasehold – Approx. 140 Years Remaining
  • Current Tenants In Situ – Instant income from day one
  • Located in Prime Mill Hill – Sought-after North West London
  • Excellent Transport Links – Close to Mill Hill Broadway Overground & Bus Stations
  • Asking Price: Offers Over £300,000
  • Annual Ground Rent: £200
  • Annual Service Charge: Approx. £2,166
  • Annual Sinking Fund: £250
  • Access: Via Stairs

Property Description

Flat 11 Chasewood Court is a well-maintained two-bedroom apartment located on the third floor of a purpose-built block, situated in the heart of Mill Hill, a vibrant and highly desirable area in North West London.

The flat offers:

  • A comfortable lounge area
  • A functional kitchen
  • Two well-sized bedrooms
  • A modern bathroom

Ideal for the buy-to-let investor, this property is being sold with tenants in situ, providing immediate and predictable rental income with no void periods.

Location & Amenities

Just a short walk to:

  • Mill Hill Broadway Overground Station
  • Local bus connections
  • Shops, cafes, restaurants, and supermarkets

This is a highly desirable residential location for professionals and families alike, ensuring long-term tenant demand.

Investment Analysis

  • Current Rental Income: £1,400 PCM (£16,800 PA)
  • Current Yield: 5.6%
  • Estimated Gross Annual Rent (based on local market averages):£1,750 PCM (£21,000 PA)
  • Gross Yield: 7.0%
  • Comparable Rental Properties: CLICK HERE

Net Annual Income:

  • Gross Rent: £16,800
  • Less: Ground Rent: -£200
  • Less: Service Charge: -£2,166
  • Less: Sinking Fund: -£250
  • Net Income: £14,184
  • Net Yield: 4.73%
  • Expected Rental Income: £21,000
  • Expected Net Income: 6.13%

Key Investment Highlights

  • Immediate rental income
  • Strong tenant demand in Mill Hill
  • Attractive gross and net yield potential
  • 140-year lease – long-term peace of mind
  • Well-managed building and desirable location

*Viewings of this property are available; however, please note the property is tenanted and we need to be respectful of the tenants' right to a peaceful environment. As such, we will require proof of funds from all parties before booking a viewing appointment. On receipt of the above, we will then arrange access*

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£1,370 per month
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Mortgage and legal costs:
£999
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