West One City, 10 Fitzwilliam Street, Sheffield, S1 with 6.5%
A superb buy to let investment opportunity in one of Sheffield’s most desirable investment developments, this property appears to be sold with vacant possession which isn’t necessarily a great thing for this time of year, but allows a buyer to add their own stamp to the property.
The property at peak time would achieve approximately £925pcm therefore offering an excellent yield of 6.5%. As it being sold at a quieter time of year, the apartment, if purchased for investment would achieve slightly less than its potential and be more around the £850pcm mark bring the yield down to 6%. The apartment itself is priced lower than most on the market, I expect this is due to the apartment being on the ground floor as there is normally lower demand for ground floor apartments.
West One is an incredibly popular development in terms of buy-to-let investors, we do not see many people purchasing here to live in themselves. The rents in this development are the highest around so it’s pretty much a no brainer from an investment point of view.
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