This property came on the market yesterday with Woods Estate Agents, who are advertising the property with the current tenant wanting to stay on long term rental. The rent is currently agreed at £495pcm. However the agents make reference to the possibility of this increasing.
West Court is set just off of Portishead’s High Street; follow this link below for more information.
http://www.rightmove.co.uk/property-for-sale/property-61970993.html
As with all leasehold properties I would always recommend establishing how much the owners are currently paying for the service charge and ground rent. However basing a purchase at £139,950 against the current rental of £495pcm calculates a yield of 4.24%
If you would like any advice on a particular property you have seen or just an honest opinion of the value, feel free to pop the web link on an e-mail to me m.wheeler@heritage4homes.co.uk