On my Rightmove travels this morning, I noticed this little 1 bed apartment. It is a nice example, nothing too fancy, but it looks to be nicely presented. This area is very popular with tenants as it's not too far from the town centre and also has easy access to main road links as well.
It's on the market for £50,000, which doesn't seem too unreasonable and I would expect to be able to achieve in the region of £375 pcm rent. I would put update the kitchen and whilst at it just give the place a neutral decor, should be no more than £2000 for that. Based on these figures alone, you could be looking at an annual yield of 8.6%.
If you require any advice on where to buy (or not as the case may be), drop me a line or send me an e-mail tpatel@hamlethomesproperty.co.uk
for more details on this apartment see the link below.
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