Currently on the market with Chancellors Headington for a guide price (yawn, just ignore the guide price part) of £220,000 you can expect to see this property rent at £1000pcm. I am of course going on the assumption that you will meet competition with other investors and more than likely end paying close to asking price but even still that would see a rental yield of 5.4%. 5.4% in this market! who have thought it, but it is very accurate and the margins for price movement are also there if they were necessary (highly unlikely though based on recent rental evidence)
Internally there is not much wrong with the flat although naturally we would need to get out and see it for a closer look. It is quite compact but I would certainly have some brighter ideas on how best to use the space you have. I might look at neutralising the property a little from its current colour scheme but other than that its good to go.
They appreciate well here in rental. From October 2014 they were typically renting out at £850pcm and now they stretch to £1000 or in some cases slightly more depending on size and condition.
On the 29th October 2010 a one bedroom property sold for £157,500. Just under 6 years later it sold for £205,000.
I look after 4 properties in this development, all one bedroom apartments and not once has there been a void on any of them.
Put simply the numbers really work.
Call me if you would like to know more.
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