Anchor Point, Bramall Lane, Sheffield, S2 with 7% Return
Located very near the city centre and close to the universities, Anchor Point is a very popular development.
On the rental market, Anchor Point attracts a mixture of young professionals and students, so is always popular. Having said this, like the majority of the central areas in Sheffield, you are much likelier to get a higher rent between June and October in line with when the students relocate.
This particular property is likely to achieve at least Â£750pcm including the parking space, however it could be beneficial to rent the space out separately to achieve more income. At Â£750pcm, the yield is just short of 7%, which is a very impressive yield.
The property itself appears very modern throughout and all the rooms are well proportioned.Â The current furnishings do benefit the property, the red sofa definitely stands out and goes well with the neutral dÃ©cor in the living area. Furnishings are optional and I believe the furnishings in this property are worth keeping there. The kitchen is very modern and spacious. The bathrooms are not the most modern, but are very spacious. The bedrooms are both double, they do appear a little bit plain, but this is easily resolved.
Investors are the most likely to be interested in this property, but this property will also attract buyers looking to buy to live in.