Good morning! We have just received instructions to market this cracking 2 bedroom apartment for sale in Portishead, with an asking price of £160,000. This type of property is exactly what the market needs at the moment. With the influx of brand spanking new 1 & 2 bed high spec apartments coming to market, the lower end of the market is in need of supply!
These apartments are quite basic, but they are good sizes and the location is quite popular for renters. This particular one has been recently refurbished with a new kitchen, bathroom and comes complete with a garden and balcony.
http://www.rightmove.co.uk/property-for-sale/property-62410823.html
2 bed apartments in this area, easily rent out for around 625 - 650 pcm at the moment, so even if we are conservative and base our calculations on the bottom figure, you could still be looking at an annual return of 4.69%, which is pretty good.
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