1 Bedder In Millwright Way - 4.6% Gross Yield But Potential For More

There's a one bedroom cluster home on Millwright Way up for £150,000, which would rent for £550 - £575 per month in it's current condition, but it's looking pretty shabby at the moment. I mean, the bathroom looks enticing doesn't it:

http://www.rightmove.co.uk/property-for-sale/property-55613267.html

The place really needs a freshen up all round, and with a new bathroom, carpets and curtains it would be snapped up by a happy tenant paying £625-£650 per month. There's always demand in Flitwick for good 1 bed houses, this would be a good long term investment in my eyes!