AG1 Apartment, Sheffield City Centre with 7.4% Yield
Are you a first time investor looking to start a portfolio? If so, look no further than this studio apartment in AG1. This development is very popular with both professionals and students alike and is therefore an easy let with minimal void periods.
These apartments are located very close by to Sheffield Hallam University so are ever popular with renters.
This studio apartment is very well presented with modern features and could be furnished at a minimal cost meaning the maximum rent can be achieved.
Studio apartments are few and far between in this particular area of the city centre with the majority of properties being one or two bedroom. Naturally, studios are available at a lower rent than one bedroom apartment apartments so the demand for something at the lower end of the price scale is very high from potential tenants. As a result of such, a higher than average rent is achievable for a studio apartment here as opposed to other areas of the city centre.
With the above in mind, I would say that a monthly ret of Â£495 would be achievable for this particular studio which would result in a yield of 7.4% if purchased at asking price.
Being on the second floor of this building and being such an attractive investment, this apartment is likely to be very popular with investors and not only those that are just starting out. As it is priced at the lower end of the market for high quality investments, this property will also attract experienced investors no doubt.