One Bed room Flat in Devonport - 9% Yield

I noticed this one bedroom property has come on the market last week.

The property is being marketed with Bradleys for £60,000. The property could do with some work in order to make the property suitable for the lettings market. Work appears to include, Kitchen, Bathroom, Decorating, carpets and heating.

If the property was done up to a very good standard I would expect a rent of around £450 a month. This would give a yield of 9%. I would also expect the property to be worth in the region of £75,000 once work has been completed.

For more details on the flat please take a look on Zoopla. http://www.zoopla.co.uk/for-sale/details/36411926?search_identifier=7565d389d968db8fe5429df8ebd0eda9#XtmrW6LhVRPvvHBd.97
 

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