Regular readers will know we rarely encourage investors to look at 1 or 2 bedroom flats 'in or around the town' due to the lack of tenant demand but time after time Royal Courts bucks this trend
The modern-ish (built in 2000) development is always popular with professional tenants and we have no problem letting both 1, 2 and 3 bedroom flats for decent rents
This 1 bedroom flat is on the market for £75,000 and once it's had a lick of paint will achieve £450pcm, returning 7.2% Gross Yield
Obviously being in a purpose built block it will carry a service charge but some landlords accept this knowing that (touch wood) they should get fewer maintenance costs than buying houses or converted flats
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