Beighton, Sheffield S20: Two Bedroom House, 6.67% Yield
This truly is an ideal first time buy and wouldnâ€™t make a bad investment either!
It is expected that this property would achieve Â£500pcm, which means that if purchased at asking price, the approximate yield is 6.32%, I feel this is low, but it is often the case that properties in this area sell for less than asking price. This property has probably been marketed at Â£95,000 with a view to accept Â£90,000, I wouldnâ€™t be surprised is the vendor would accept slightly less than this.Â
Let’s say the property eventually sells for Â£90,000, this would mean a yield of 6.67%, which considering there is no service charge or ground rent to pay is not a bad yield.
In the past couple of years property values in Beighton have been steadily increasing, I would predict that in 5 years this property would be worth over Â£100,000.
Away from the numbers, this property has a decent size garden, large kitchen and a nice modern bathroom. Some features in the kitchen appear dated, but this property is certainly ready to move in straight away without any major works required.
Although on a main road, the traffic noise is unlikely to be a problem, all the way up the road there are speed bumps, so cars never really exceed 20mph.
There are many positives with the location of this property, which include its close proximity to Crystal Peaks and Westfield School, both are between 5 and 10 minutes away. The transport links are also very good, with the nearest tram stop at Crystal Peaks and buses that go to the city centre.