Summary - Chartley Parade, London, NW2 NW2 7QY
2 bed 1 bath Flat
High-yield opportunity near Jubilee line for hands-on portfolio builders.
Two double bedrooms with separate living room and kitchen
Situated above commercial premises in Neasden, this first-floor flat offers just over 700sqft of adaptable living space and clear income potential. The current layout provides two double bedrooms, a separate living room, kitchen and family bathroom; moving the kitchen into the living room creates scope for a third bedroom and higher rental income.
For hands-on investors the numbers are straightforward: as a two-bedroom the property is expected to deliver around 9% yield; converted to three bedrooms it could reach nearer 12%. The flat is offered chain free and benefits from fast broadband, excellent mobile signal and close walking distance to Neasden (Jubilee line) for city connections.
Important drawbacks are material and must be considered: the lease has approximately 68 years remaining — many mortgage lenders may refuse to lend on a short lease. The wider area is relatively deprived and local crime levels are above average, which can affect resale and tenant demand. The flat sits above commercial units, so there may be noise or access considerations.
This is a pragmatic acquisition for an investor or landlord comfortable with lease extension work or cash purchase. It suits someone seeking rental yield and willing to manage modest refurbishment and the lease issues to unlock stronger long-term value.
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