A few months ago, a one bedroom apartment with the same layout as this apartment sold for £110,000 within a week (it was advertised at £115,000). I fully expect this property to sell as quickly for the asking price. If anything, this property is of a slightly higher standard, so could achieve higher than £110,000.
More recently a one bedroom apartment in West One has been advertised for £130,000. This is of a very high standard, but at £130,000 it does look overpriced.
It is advertised that this property, for sale at £109,995 achieves £590pcm. For West One, this is a really low rent. At present an average rent for a property of this size and quality is £625 rising to £650 from this summer.
At the current rent, the yield would be 6.44%, however at £625pcm, the rental yield would be 6.82% and at £650pcm the rental yield would be a 7.09%.
West One is one of the most popular city centre developments, attracting a lot of tenants from China and elsewhere overseas. If available to rent in the summer, it is unlikely that a property in West One will be vacant for anything longer than a few days.
If you are looking for a good, easy and reliable investment, look no further.