This property was reduced by Woods Estate Agents today, who are advertising the property with a current tenant wanting to stay. 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-62039363.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 £125,000 against the current rental of £495pcm calculates a yield of 4.75%
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