2 bed investment property should see a 5.59% return

This really well presented property is on South Street in Asfordby Hill and for sale with Middletons for £118.000. 

We have one a few doors away that has recently let for £550 pcm and if purchased for the asking price would see a return of at least 5.59%. 

http://www.rightmove.co.uk/property-for-sale/property-58412111.html