http://www.rightmove.co.uk/property-for-sale/property-37035192.html
The flat is located in Whyke Marsh, which is the development you can see on the left hand side of the road, just before the Selsey roundabout, when travelling eastbound on the A27.
Built in 2011 by Persimmon Homes, the flat looks extremely well looked after, and would be ready for letting upon completion of the purchase. An investor would also have the comfort of the remainder of a 10 year house builder guarantee on the property.
In terms of rental return, properties in this block have been known to fetch as much as £850pcm, however I feel £795pcm is more realistic. The property would attract a working couple, young family, or possibly professional sharers.
An asking price of £185,000 sounds fair and realistic, and coupled with the internal decorative condition, I wouldn't expect this apartment to be on the market for very long.
Based on a £795pcm rent the flat would return a very nice 5.2% gross yield.
As with all leasehold apartments, it is important to obtain a full breakdown of maintenance and service charges, as these will all have an impact on your net return.
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