Albert Road, Sheffield S8. The Tramsheds with 5.4% Return
These unique 1 bedroom apartments on Albert Road, commonly known as The Tramsheds are a great little investment opportunity.
The majority of the duplex 1 bedroom apartments in the development are tenanted and rents of Â£525 per month are common. The yield on an asking price of 5.4% but I believe you could lower the purchase price a little with some smart negotiation!
The apartments all have a bathroom and also a downstairs WC, theyâ€™re modern throughout and have access to glorious communal courtyards and covered parking.Â
As you can imagine, theyâ€™re a dream home for a first time tenant and are occupied very quickly.
Higher yields are available in Sheffield, but the S8 postcode is certainly a popular one so there would be no worry securing new tenants.