This apartment is on the edge of the City centre, so still not too far away if you need access to the hustle and bustle. It’s a great size, a couple of things I would recommend to be done, would be to change the carpets for something a bit more neutral, it’s less likely to put people off then. I would also recommend re-instating a bath in the bathroom, it has currently got a double shower cubicle. to make sure again that you are not cutting anyone out from the market, pop a cheapy bath tub in with a shower above and away you go!
It’s come on the market for £169,995, if you could get a couple of grand off the price, this will go towards the carpets and bath. Rental wise, you would be looking at a monthly rent of £795. Looking at these figures you could be looking at a potential annual return of 5.6%, before service charges etc. Not a bad property.
2 Bedroom apartments are always very popular in the rental market, no matter what is going on with the rest of the market, a 2 bed flat will always let.
For more advice on where you should be looking to invest your money in buy to let, feel free to come in and see me in our office on Duke Street