Good morning. I've come across this property today and whilst the return may not be as high as some of the Marina areas at 4.77% (gross) but still at this level, it is not a bad return. The property is available via Woods Estate Agents and is set on Gateway Terrace, Portishead.
http://www.rightmove.co.uk/property-for-sale/property-60646643.html
This flat itself appears to be in pretty good condition, it's a good size and properties in this area do generally rent out quite well due to the central Marina location being quite sought after. The agent comments that the potential rental income is £695-£725pcm. So, when you do your calculations against the asking price of £175,000, even against the lower figure this brings us to our annual return of 4.77%.
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