I visited this development recently, which features new build apartments, and is well located - as with all new build it will rent really well.
It's not the sort of thing that I usually promote, but the Return on Investment figures are pretty decent here (18%), assuming you're buying with a mortgage. And as it's new, the builder guarantees for the first 2 years so there should be no nasty surprises - very easy to do the projections. For the cautious investor, who wants to be completely hands off, these things will be fine.
Asking prices from the builder of £101k (1 bed) and £118k (2 bed). Clearly you negotiate.
