The price is very affordable – a standard price of £65K for a one bed and £85K for a two-bed residential apartment. There is a £5,000 reservation fee followed by just 25% less £5,000 on exchange. The balance on completion.
The yield is assured at 7% Net for 3 years – they do need to pay £300 per year ground rent.
The developer is extremely established and has an excellent reputation. The development is a conversion of an existing building and will be ready in September 2017 so need to worry about buildings not being ready on time.