Hi there, just picked out another great potential rental property here. This development is quite popular, the flats are modern, and it’s not too far from the town centre just off Nore Road.
http://www.rightmove.co.uk/property-for-sale/property-43656714.html
It's just come to market at a price of £175,000 with Goodman and Lilley, I don't feel that this is a bad price for it, especially as it comes with a garage as well. Of course as with any flat, you will need to enquire as to what the service charges and ground rent would be before steam rolling ahead.
From a rental point of view, these flats rent out for around the £750pcm mark, so you could be looking at a gross annual return of 5.14%.
At the moment in Portishead, the average yield is probably about the 4% mark, so if you can get a property that can produce you around 5%, you're not doing too badly.
If you would like any advice on a particular property you have seen and want and 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 or call the office on 01275 840600.