Potential 7% yield on this buy to let in Bingham

This flat is on the market for the bargain price of £95,000 with Frank Innes.  OK it may not be the best looking property from the outside, but it is situated in a quiet location close to a good primary school overlooking a playing field, and is within walking distance of Bingham town centre. What's not to love?  

This property will let easily as it will appeal to many different types of tenant. 

It looks to be in good decorative order and I would hope to achieve in the region of £550 pcm.

http://www.rightmove.co.uk/property-for-sale/property-33539238.html