City Lofts, St Pauls, Sheffield S1. Yield of 7.7%
Listed today is this two bedroom apartment at City Lofts, St Paul’s.
Sheffieldâ€™s finest! Â City Lofts is the place to live in the city centre, surrounded by bars and restaurants in a very picturesque location.
The higher the better when it comes to City Lofts, so it is disappointing that this one is only on the third floor, nevertheless because of the location and the quality of the apartment, I predict that this one will sell quickly.
Two bedroom apartments in City Lofts can rent for as high as Â£1300pcm, although at this price they are usually on a higher floor.
The potential rent for this property would be in excess of Â£1100, meaning a yield of just short of 7.7%, which is a very good yield.
Void periods are very rare in City Lofts, even at the quiet times of the year.
The service charge in St Paul’s is higher than the majority of developments in Sheffield, but this is justified with how well the development is maintained.Â