Fulcrum, Sheffield City Centre with 6.8% Yield
Listed for sale with Martin & Co, this one bedroom property for sale in Fulcrum is expected to sell quickly due to its key location.
Located just minutesâ€™ walk from Hallam Universityâ€™s City Campus and the Train Station, this property will appeal to both students and professionals alike!
Whilst I think Â£115,000 is a little high for a property that is by no mean large, I do believe that the property will sell for closer to Â£105,000 if the Vendor is willing to come down in price a little.
The property has a nice finish with minimal furnishings provided, which is all that is required for a property such as this. You would struggle to rent a property unfurnished in the City Centre as your market are students from overseas.
Properties in nearby buildings are currently offering a better yield, the closer you are to West Street, the higher the rent achieved as there is much more demand.
You can expect to achieve anywhere between Â£565 to Â£595 pcm for a property like this if offered on a furnished basis. If you agree a lower sale price than what the Vendor is currently asking for, you could have a nice yield of 6.8%!