Although in need of a lot of work, at just £110,000, this property is a bargain considering the location. 

The property comprises of a living room and dining kitchen on the ground floor. The bathroom and both bedrooms are on the first floor. There is a small yard to the front of the property and a garden to the rear of the property. 

The size of the task in hand should not be underestimated and as a minimum, this property will require a new boiler, new kitchen, new bathroom, new flooring throughout and the whole property will need to be decorated.

If the above works were to be done to a high standard, this property has potential to achieve £650pcm on the rental market, which generates a yield of around 7.1%, which does not take into account the cost to renovate this property, but even with a budget of £20,000 to improve this property, the yield would still be 6%!

https://www.zoopla.co.uk/for-sale/details/45337377

As always, if you are an investor in the Sheffield property market and would like a second opinion on a property you have seen, then send the URL of the properties you have seen online over. Or if you would like to pop in and have a chat, then you can either email on info@sheffieldresidential.com or call on 0114 201 4325. The kettle is always on and we will even pull out the posh biscuits!

 

Don’t forget to visit the links below to view back dated deals and Sheffield Property News.
Sheffield Property To Let, For Sale Facebook: https://www.facebook.com/groups/1488435804820115

 

Sheffield Talk Facebook: https://www.facebook.com/SheffieldTalk

 

Website: https://www.sheffieldresidential.com

 

Get your FREE NO OBLIGATION, INSTANT Sales Property Valuation:

https://www.sheffieldresidential.com/sellers/request-a-valuation

 

Get your FREE NO OBLIGATION, INSTANT Lettings Property Valuation:

https://www.sheffieldresidential.com/landlords/request-a-valuation