"TheScullster" wrote in message
...

The property is 3 bed semi in decent area - I am guessing at purchase
price of around £150k and rental £500 pcm possibly more.

That's a poor buy.
The one I know a lot about was £75k a few moths ago and gets £500 pcm.
There are plenty at that sort of price in Tipton.
It was a repossession and need a new kitchen and bathroom but even then it
was under £85k.
It was sold lease hold but the freehold was included when the deal was
completed.
The bank didn't want the freehold for some reason a nice surprise for a
change.

If you are buying to make income you are obviously looking in the wrong
area.