I have just been casting my eye over the week’s newest properties to come on to the market and this one has caught my attention.

This one bedroom ground floor flat has just come on to the market with Walker and Waterer for £137,500.  The property was converted from office space to a flat in 2015 and is finished to a high standard.

There is a Tenant in residence  who signed a twelve month fixed term tenancy agreement in December 2015 paying £665pcm.  Based on the asking price this gives a very attractive gross yield of 5.8%.

As this is a leasehold property there will be annual service and maintenance charges to take in to consideration so you should contact the Agent to double check the cost of these prior to making an offer.

If you would like my impartial advice on any potential property purchases please do not hesitate to contact me on 01489 570011 or email me HERE.

If you want to read more articles on the Locks Heath property market, whether you are a Locks Heath landlord, Locks Heath homeowner, first time Landlord or a first time buyer – then visit the Locks Heath Property Blog www.thelocksheathpropertyblog.co.uk.