It's a 2 bedroom flat on Allendale Road, Farringdon - we know these are popular as we manage a number of similar flats round there
The Guide Price is £40k and based on paying no more than 10% on top of this and getting £425pcm rent (they say there's a tenancy in place) it will return 11.6% gross Yield
One thing to note is that there's less than 75 years left on the lease - this may be reflected in the price as it might affect your ability to get a mortgage
Click here for details http://www.rightmove.co.uk/property-for-sale/property-53567875.html
If you'd like to find out more about this prior to the auction give me a call on 0191 567 8577 or email neil.whitfield@belvoirlettings.com