Ellerslie House is a small 19th Century former vicarage, just to the north of the city centre, now converted into a dozen or so self contained apartments. Our office look after a couple of units within the house which rent at £595pcm respectively.
This particular apartment, on the market with Henry Adams, appears to be in superb decorative order throughout, and boasts use of a private courtyard garden. In the present rental climate I would expect this property to comfortably achieve £625pcm.
At a sensible guide price of £135,000, a gross yield of 5.5% would provide a healthy return, and I genuinely wouldn't expect this property to be available for long.
http://www.rightmove.co.uk/property-for-sale/property-51344159.html
As with all shared freehold and leasehold apartments, it is important to do your research with regards to the annual maintenance contributions, service charges, and any ground rents payable, as these factors will naturally impact the net yield of the investment.
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