Check out this 3 bed Cambridge property...

It's on the market with Cheffins and looks to me as it is priced to sell at £295,000 and with the recent changes in stamp duty, makes it even more affordable now. Please see link below to a stamp duty calculator

http://www.hmrc.gov.uk/tools/sdlt/land-and-property.htm

 

Properties similar to this, in this location would rent realistically in the region of £1350 pcm and will attract professional tenants. 

 

So, doing our sums based on a £295k purchase price and a rent of £1350, you would be looking at a potential gross yield of around 5.5% per year. Better than any savings account!

 

http://www.rightmove.co.uk/property-for-sale/property-47493634.html