I saw this property with Reeds Rains this morning and thought it looked a little bit tasty, so I wanted to share it with you all.
http://www.rightmove.co.uk/property-for-sale/property-58548851.html
It's a spacious apartment within the popular Briary Road area, big ticks on the location front just a short walk from the High Street. Looking at the photos, the condition looks to be pretty good and well presented, another big tick on the letting front!
I would expect a property like this to be let for at least £675 pcm, which if you calculate it against the asking price of £150,000, could potentially generate you an annual yield of 5.4%. As with any leasehold property, make sure you check out what the service charge information is as this will have an effect on your overall return.
If you would like any advice on a particular property you have seen and wanted an honest opinion on what it would rent for, feel free to pop the web link on an e-mail to me. m.wheeler@heritage4homes.co.uk