High Street, Mosborough, Sheffield S20 with 7.1% Yield
Although certainly in needs of redecoration and modernisation, this three bedroom property is very low priced at just £110,000.
The property is set over two floors and comprises of a living room, dining room and kitchen on the ground floor. All three bedrooms and the bathroom are on the first floor.
Undoubtedly this property does need some work. The décor throughout is very old-fashioned, so my advice would be to redecorate throughout and new carpets throughout. A new bathroom and kitchen would also be recommended.
There is a large garden to the rear of the property, which does need to brought back under control, but definitely has potential. There is also a garden to the front of the property which will reduce traffic noise.
On the rental market, with the suggested improvements, this property should achieve £650pcm, which would generate a yield of nearly 7.1%, which is a brilliant yield, but does not take into account the cost of the suggested works.
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