Horninglow Road, Sheffield, S5 with 8.5% Yield
At only Â£70,000 this property is a steal! Three spacious bedrooms on offer and a largely sized garden Iâ€™m sure this property will sell with ease due to the price and location.
Whilst the property may be in need of some slight modernisation, this could all be done at a very low cost making this house into a suitable rental property and generating a good yield.
I would estimate that after a small refurb this property would achieve circa Â£500pcm offering you a 8.5% yield. If your intention is not for buy-to-let purposes, this would suitably make for a good family home and would no doubt have low running costs.
To summarise, I think this property is worth looking at if your budget is more restricted, the area is popular for rental properties and is also a steady residential area with many families residing here.