Royal Plaza, Westfield Terrace, Sheffield City Centre S1 with 5.8% Yield
Not only is this property a perfect size, it’s centrally located and situated in one of Sheffield’s most popular developments. Royal Plaza has always been popular amongst students and professionals so is an ideal place for any investor to purchase. This property is listed for £184,950 which is on the lower side of the asking prices within the development, the asking price definitely seems the most reasonable given that it is offered tenanted for the next two years so investors need not worry about any void period for some time!
The property currently achieves £905pcm which comfortably generates a yield of 5.8%, the yield has the potential to increase as rents around the city will no doubt increase over the next few years. Additionally, the included parking space could rent separately for an extra £80pcm bumping up the yield to 6.3%!
Overall, I would recommend this property to purchase as the potential return is excellent but on top of this, it’s a fantastic development with positive feedback all round from owners and occupiers!
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