Grosvenor Place South - Cheltenham 5% Yield

This one bed flat has just come on the market with Peter Ball at £129,950.

Peter Ball say  "A recently refurbished, first floor apartment forming part of a period terrace, located in a quiet cul-de-sac, within a short walk of Cheltenham town centre and amenities. The accommodation comprises entrance hall with doors to bedroom, cloakroom and living room. The open plan living room/kitchen measures an impressive 19' x 13'5 and has three large sash windows to the front aspect, feature fireplace and coving. The kitchen area is fitted with a range of matching eye and base level storage units with work surfaces over, inset stainless steel sink with drainer unit over and space for further appliances. The bedroom has a window to the rear aspect, built-in wardrobe and leads to the shower room. The property is warmed by an electric oil heaters and further benefits from a large private storage cupboard off the landing. The property is offered for sale with no onward chain."

Flats like this rent well and I would expect that this would let at around £550.00 PCM  giving a reasonable yield of around 5%. See link below for more details and pictures.

http://www.rightmove.co.uk/property-for-sale/property-30952473.html