Studfield Crescent, Wisewood, Sheffield, S6 with 6% Yield
Although certainly in need of modernisation, this three bedroom property is very reasonably priced at just £130,000.
The property comprises of the lounge, kitchen and WC on the ground floor. There are three bedrooms and the main bathroom on the first floor.
The property benefits from having a very generously sized front, rear and side garden.
This property is very much old-fashioned throughout, so I would advise a full refurbishment, which would include a new kitchen, new bathrooms, new flooring and the property to be fully redecorated.
In a good modern condition, this property should achieve £650pcm on the rental market, which generates a yield of 6%, but this does not take into account the cost of a full refurbishment, but even with this in mind, a yield well in excess of 5.5%, should be achieved.
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