Intake, Sheffield S12 with 7.5% Yield
Properties on and around the Wadsworth estate in Intake are very popular when they are introduced to the rental market so this two bedroom apartment that has been advertised for sale is likely to interest many investors as they look for an easy let.
Â£80,000 is a very attractive asking price for this property as there is little or no work required to make this perfect for renting out to tenants.
Any buy to let purchaser may wish to modernise a little should they purchase this property as the fittings are a little dated but they certainly wouldnâ€™t make this too difficult to rent. Of course, if the property was upgraded, a higher monthly rent would be achievable and the speed of securing tenants would be likely to be greater.
In its current condition, this property could achieve a monthly rent of Â£500 which would equate to an exceptional yield of 7.5%, enough to turn the heads of any well-established or new to the business investor.