This property has just come to the market, with an asking price of £130,000. It’s a 1 bedroom flat in Galleywood, which could be sold with a tenant in residence. The tenant here is currently paying £545 pcm, therefore you could be looking at an annual gross yield of 5%.
Now, it is a basic apartment, the tenant here has been there for some years, when he does eventually move out, you may need to invest in a little bit of decorating and modernising, but nothing that is going to break the bank necessarily.
We suggest you get in for a viewing as soon as possible, because this little beauty won’t be around for long!
