Two Bedroom Detached Bungalow in Ampthill With 5.48% Gross Yield

http://www.rightmove.co.uk/property-for-sale/property-43334516.html

I posted about this back in February this year, but it's still available now - is there something I'm missing here....?

Apart from the disadvantage of looking like an old toilet block this 2 bedroom detached bungalow is set in The Ceders, Ampthill, a lovely private gated development and a highly desirable place to live. It's up for sale at £179,995 and it's been on for a few weeks (months!) now, so there's potential to make an offer...?                                                                

We've just let a similar sized 2 bedroom detached bungalow for £795 per month (Feb 2015), and it went within two days of coming on the market. I'd expect this to achieve the same, or even more. This would mean a minimum 5.48% yield if bought for £175,000 - thats pretty good!

Note this a leasehold property with the following charges: Agents Note
The owner of this property informs us that the Ground rent is £100 per year. and the management charge is £1776.00 per year, this can be paid monthly.

Still looks like a good investment, with a decent yield and good capital growth! 

If you'd like a chat about property investment around Flitwick and Ampthill then please send me an email to graham@1st-house-lettings.co.uk or get a free coffee from me at 21 The Rufus Centre, Steppingley Road, Flitwick - just past the fantastic new sports centre that's currently under construction - or call me on 01525 838848.