I’ve recently been asked by one of our current Landlords to assist in valuing their property on Archers Walk in Trent Vale and noticed this 2 Bedroom Apartment has recently been reduced to £115,000! Why did this catch my eye? ..........well, for five years, Martin & Co have managed a 2 bedroom apartment in the same block, renting it for £650pcm, albeit, ours was slightly larger.
This apartment is already achieving a rent of £630pcm, so may also come with a readymade Tenant (please check this with the agent), providing a yield of 6.5%. These properties are highly desirable rentals, being situated within walking distance to Royal Stoke Hospital, there is always a high demand from Doctors or Nurses based at the hospital! There are 2 allocated parking spaces along with great access to the M6, A50 & A34, this will also appeal to professionals commuting further afield!
http://www.rightmove.co.uk/property-for-sale/property-52762995.html
