This investment property is a 2-bedroom flat located in a desirable area with easy access to local shops and schools. The current rent is £375 per calendar month, providing a rental yield of 11.2%. To secure the sale, buyers must pay a reservation fee of £1,200 inclusive of VAT, which gives them exclusive rights to purchase within a specified timeframe. By paying the reservation deposit, the seller takes their property off the market and reserves it exclusively for the buyer, eliminating the risk of gazumping.