Lathkill Road, Intake, Sheffield S13 with 6.2% to 7% Rental Yield
In need of modernisation!
The bathroom in this property looks to be of an average standard and you could probably get away without doing anything to it. That said there is a wall separating the toilet from the rest of the bathroom, which in my opinion is a waste of space.
The rest of the property certainly needs updating.Â
All the carpets are very old fashioned and all the walls will need to be redecorated to bring this property into the 21st century.Â
Judging by the pictures, the internal doors look dated and would benefit from being replaced.
I would set a budget of Â£5,000 to bring this property up to a high standard.
If brought up to the necessary standard, I believe this property can achieve Â£575pcm. Taking into account the cost to bring this property up to standard and assuming the property sells for asking price, you would be looking at a yield of around 6.2%.Â
I would be looking to achieve close to 7% on this property but this would mean no more than Â£100,000.