Woodhouse, Sheffield S13 with 9.4% Yield
A perfect investment opportunity here in Woodhouse with this three-bedroom semi-detached house on offer for just Â£69,950.
The description states that the property is currently tenanted however it does not indicate how much is being achieved. Going from the current rental market statistics, I would estimate that Â£550pcm could be achieve offering a healthy yield of 9.4% which is exceptional. Properties around the Woodhouse area are very much in demand for both the rental and sales market, the area has always been popular and makes for a nice residential area.
Although there are no photographs on the description, the property is likely to be in a decent condition if rented out currently however you could maybe look at refurbishing the property to achieve a higher rent.
Generally speaking, properties within S13 are reasonably priced so it is definitely a good area to invest your money into.