East Glade Way, Hackenthorpe, Sheffield S12 with 6.2% Return
Whilst this property is advertised as an ideal first time buy, it also makes for an ideal investment for a buy to let investor and figures certainly stack up.
The kitchen and bathroom are fine to use for a rental property and the garden is easily maintained. Whilst the property is neutrally decorated at present, it looks as though it would benefit from a freshen up of paint and brightening up as a result.
On the rental market, the property would be likely to achieve a monthly rent of Â£575, which would equate to a yield of 6.2%, healthy when you consider the fact that this area would be likely to attract long term tenancies, cancelling out void period losses.
The property does make for a good first time buy as the advert states, but I think it makes for an even better investment.