12 Days of Christmas – Buy to Let Deal 7 – Sheffield, S7
On the seventh day of Christmas I have a three-bedroom terraced house on the ever popular Abbeydale Road in S7.
This is one of Sheffield’s prime rental locations. Abbeydale Road is renowned for a large selection of independent businesses which attracts students and young professionals. The city centre is within easy reach. Inside the property is basic but suitable for tenants. The ground floor is home to a large living room and dining room with kitchen in the rear extension. Upstairs you can find two large doubles and a single bedroom along with a family bathroom. On the rental market as a single occupancy this property could achieve £650pcm which would create a rental yield of 5.5% if it sold for the £140,000 asking price. S7 is increasingly well known to have a large amount of HMO’s. If this was the route chosen, around £875pcm is reasonable to expect creating a yield of 7.5%.
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