This popped up whilst I was away this week and, if it's not gone already, represents good value at the lower end of the market. I own one of these myself and it's a nice easy property in the portfolio - always tenanted, cheap to run, and fairly simple to maintain.
It's a 2 bedroom flat in Thorplands which should be renting for £625PCM. They want £100k for it, and there will be a Council lease that usually costs about £70 per month - so this thing offers 6.6% AFTER lease charges.
This one looks like it needs gas central heating installed at some point for which you'll need to budget £3500 - it will come in at less than that - but that apart seems pretty good.
It also suggests it's tenanted already. That's fine, but there will be more questions to ask about who that tenant is and what the tenancy paperwork is like etc. This won't stop you buying, but it may determine what you're prepared to pay.
More details on the property are here - http://www.rightmove.co.uk/property-for-sale/property-66950474.html - viewings are via the agent, but if you want more general info on the rental potential email me at richard.baker@belvoir.co.uk
