From my understanding culled from various internet and government sources, the yearly rental yield a landlord should expect from letting his/her property is generally between 3-4% of the value of the property.

My question has to do with newly renovated apartments, particularly in older buildings. What % premium, if any, do you think should be paid above say a 4% yield for a newly renovated apartment in an older building. When I say newly renovated, assume that the kitchen, bathroom, windows and associated rooms have all been redone and fitted to a modern standard, though not a luxury standard. Also assume that I am generally speaking about HK Island.

Obviously this is a fairly general question but I think the details I have given should hopefully be enough for posters to be able to provide useful input if they choose to do so. Please let me know if more details are required.

Thanks ahead of time.