On my daily search of Rightmove I have come across this modern apartment which would make a cracking annual yield of £6.5% – not to be grumbled at!
On for sale with W H Brown for £120,000….. A modern two bedroom apartment with an open plan lounge/diner and kitchen area located in the stylish development of the Light Box. The property benefits from an en suite to the master bedroom, large panelled windows and wooden flooring throughout. We rented a very similar property in the block recently for £650.00 pcm.
Personally I would give it a once over decor wise to freshen it up and perhaps tone down the purple……… tenants love to move into a property that smells of paint!
Of course, when doing your sums, remember that most apartment blocks will be subject to ground rent & services charges, so make sure you factor this in, when working everything out.