Hackenthorpe, Sheffield S12 with 6.5% Yield
This three bedroom semi detached property in the Hackenthorpe area of Sheffield offers a great investment opportunity with a nice family home offered at a snip at Â£105,000.
This property would be fine to rent out in its current condition but I would advise the fitting of a new bathroom in order to make it perfect for the lettings market.
Houses on and around the Carr Forge Road area are very spacious and boast lots of outside space too so they are likely to attract interest from all buyer types from investors to young families and donâ€™t tend to remain on the market for long.
Â From an investor perspective, on a buy to let basis, a landlord could achieve a monthly rent of Â£575 for this property. This in turn would result in a yield of 6.5%. This is an impressive yield for such a great house.
Rental demand for property in this area is high so there would be little trouble in attracting tenants and they would quite possibly be tenants who remain in the property for a sustained period of time.