Are studios are good buy? Looking at this property which has been on the market less than a week there is an opportunity to gain a reasonable return.
The location is ideal for a professional commuter as it is within walking distance to the railway station, but would also attract those who want to be centrally located for Bedford Town Centre. This property is keenly priced at £55,000 and the average rent for a studio is £350 per calendar month. This would achieve a yield of 7.6%.
Another issue to consider is the ground rent and service charge. And for this one it is very reasonable.