Another gem of a flat has come accross my desk courtesy of Plymouth Homes. This is a Studio flat which is currently tenanted at £300 PCM. I believe that this is currently around £100 under the market rent that you could achieve. The one bed LHA rent rate in the Plymouth area is just over £400 a month.
The property looks in decent condition from the photos and they could also be the potential to turn the property into a 1 bed flat instead of a Studio. At £400 a month this gives an impressive yield of 9.6%.
I can't see this one hanging around for too long.
http://www.zoopla.co.uk/for-sale/details/33228316
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