Handsworth, Sheffield S9 with 7.2% Yield
This property offered by William H Brown at just Â£99,950 seems great value.
Handsworth is very popular at present, transport into the city centre and Meadowhall is very good and Handsworth does offer affordable housing.
I would expect this property to achieve Â£575pcm on the rental market, which means a yield of 6.6%, which is a fantastic yield.
I would expect this property to achieve a slightly higher rent if modernised in some areas. The dining area and one of the bedrooms do seem a bit dated, but a new carpet and lick of paint should do the trick and would push the rent up to Â£600pcm, which would mean a yield of 7.2%. The cost to modernise these areas would be minimal, possibly even under Â£500, which would mean an impressive yield of over 7.1%.
One of the main selling point with this property is the large enclosed rear garden.
Properties such as this do tend to attract a lot of interest from first time buyers, small families and investors, so if they are priced correctly usually sell quickly.
I believe this is a fantastic price and would expect it to sell quickly.