Meadow Head Drive, Sheffield S8 with 4.3% Yield
Available for sale in the popular area of Meadowhead is a three bedroom semi-detached house with an asking price of Â£180,000. I feel this asking price is just about right for the area. The house itself is very large in size and whilst it may need some money spending on it to bring it up to date, the size is certainly attractive and would make the ideal home for a family.
The property would not necessarily be purchased for buy-to-let-purposes however if this was the case, you could expect to achieve up to Â£650pcm in rent. The yield in this case would only be 4.3% however I feel that this property will appeal more to the owner/occupier market or someone looking for something where you can assure yourself some very high quality tenants, therefore making it a sound investment when looking at capital growth and sustainability.
It may also attract somebody who will be looking to live in this themselves and later rent out. All rooms on offer are a great size and the scope to turn this property into a modern day family home is definitely achievable.
The garden is generous in size and has been very well taken care of; this was clearly somebodyâ€™s pride and joy! With the above in mind, I would expect the property to sell for close to asking price.