Victor Street, Sheffield, S6 with 8.4% Yield
Although requiring a lot of work, this property is a real bargain with an asking price of just £85,500!
This property, which is set over three floors comprises of the living room, dining room and kitchen on the ground floor. The first floor houses two bedrooms and the bathroom. The third bedroom is located on the top floor. This property also benefits from having a cellar.
Throughout this property does not have any carpets and the décor is generally poor, so a full redecoration job and new flooring throughout will be absolutely necessary. A new kitchen and bathroom will also be needed. It is unclear what the situation is with regards to the electrics and heating, so as ever it is essential to check this out before making an offer.
Once renovated and in a good modern condition, this property should achieve £600pcm which generates a hugely impressive yield of approximately 8.4%. This of course does not account for the cost relating to required works.
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