SOLD. RUGBY. Tenanted. £87k for 6.8% return!

Purchase Price	£87,000	Headline Return	6.8%
Rent	£495.00	Return after Charges	5.5%

Why hasn't this one sold? I'm genuinely not sure - it's been advertised for a few weeks now and in that time I've seen people buy other things that don't stack up as well - from what I can see there's nothing wrong with it!

It's a 1 bed modern apartment, with a private tenant, located about 1 mile from the town centre. An EASY RENTER - simple, well presented - the type of thing that never struggles for a tenant. 
You can't buy cheaper than this in Rugby currently without going onto Blackwood Avenue or similar, so what's the issue with this one - check the property portals, you'll see I'm right! 
Interested parties, please get in touch. richard.baker@belvoir.co.uk

More photos at http://www.zoopla.co.uk/for-sale/details/photos/36649925