Tremendous one bedroom apartment in one of the most popular developments. I can’t see this property staying on the market for much longer!

The current rent achieved on this property is £675pcm, but I feel £700 is most certainly achievable at the right time of year i.e. July – September.

Vendor’s often accept about 5% lower than asking price and I feel £120,000 would be accepted by the vendor. If an offer was accepted at this price and the rent was £700pcm, you would be looking at a yield of 7%, which is good.

Rents in West One are increasing faster than most developments in the city centre with a few exceptions which seem to match the rate of increase. So the £700pcm that I feel could be achieved from this summer could soon become £800 in a few years to come. With this I imagine the value of this property would increase in line with the rent increases.

It is important to not only consider the current rent when looking to buy a property to let, but to also look at the potential for an increase in rent. 

West One has plenty of potential and I feel is the development to be investing in.