Kelham Island, Sheffield S3. Rental Yield of 6.2%
On the market today is this two bedroom apartment at Kelham Island.
Kelham Islandâ€™s popularity, like many other areas surrounding the centre, is increasing all the time.
Only a 10 minute walk into the city centre and with more parking options than the city centre means professional tenants love this area.
Most apartments in this development are river facing which adds another string to the bow.
For a duplex two bedroom apartment in this area, Â£167,500 is not a bad price at all.
There are better yields to be had in other areas, with the expected yield on this one at 6.2%. However for this area, this is a reasonable yield.
I expect property value in this area and particularly this development to increase faster than most areas in Sheffield.