A fine city centre property on offer for just £85,000 with a fantastic yield easily achievable. This one-bedroom apartment in Q4 is one of the best layouts in the development which gives it an advantage over most, the property is large in layout and excellently looked after by the current tenant.
The potential yield on offer here is 7.7% based on a rental asking price of £550pcm being achieved which is perfectly reasonable and justified when you see the size and quality of the property.
There are no works required for the property as it is in a perfectly good condition for the rental market with good furnishings on offer making this easy for any landlord looking for a buy-to-let. Most properties sold tenanted will also have the furniture included as this is not something that is easily changed.
I think the property will definitely be purchased by an investor based on the yield potential on offer and the excellent location in which it is situated.
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